FINANCIAL NEWS

Dubai Parks & Resorts projected revenue to hit USD653.27m in 2015

12 Feb 2015

(MENAFN) Dubai Parks & Resorts approximates USD653.27 million projected revenue in its first year of full operations, after logging an increase in net loss to USD5.7 million in the fourth quarter of 2014, Gulf News reported.

The company had USD1.17 billion cash in hand with USD1.87 billion worth of assets, it said, adding that it expects to bring forth more than 5,000 jobs across the sector.

‘The first revenues are expected towards the end of 2016 following the opening of the parks to the public,’ CEO of Dubai Parks and Resorts said in a statement.

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