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FINANCIAL NEWS
Dubai to raise USD 454mn for Dubai park project
29 Mar 2016
(MENAFN) A huge amusement park project under construction plans a USD 454mn addition to involve a Six Flags, and to attract tourism to the city of Dubai.
Moreover, the new parks & resorts, which include Bollywood and movie-themed parks, will put the cost of the whole project in the city at more than USD 3bn.
Additionally, the firm proclaimed its board of directors to issue shares value USD 454mn in order to raise money for the Six Flags Dubai Park.
The addition of the Six Flags Park would establish Dubai Parks and Resorts’ position, which will strengthen the appeal of its destination.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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