Dubai to launch $490m amusement park development

The 22.3ha project will feature amusement parks, apartments, shops, restaurants, and a cultural centre and will be carried out in phases

This image is for representational purposes only.
This image is for representational purposes only.

Work on a $490m (AED1.8bn) theme park complex is slated to start by the end of the first quarter of 2017.

Plans have been revealed for the project in Dubai, which will feature amusement parks, apartments, shops, restaurants, and a cultural centre, Arabian Business reported.

Ento Capital Management, an investment company licensed by the Dubai Financial Services Authority (DFSA), said it is geared to reconstruct the Wonder Land project, located on Al Riyadh Street.

Hayssam El Masri, CEO of Ento Capital, said the project is slated to start by the end of March and would take three years to build.

The 22.3ha project will be carried out in phases and will also include two furnished apartment blocks, he said.

He added that Wonder Land Park is currently in the process of obtaining preliminary approvals from Dubai Municipality.

“The project will be one of the most attractive entertainment destinations in the region, attracting visitors from all over the world and enhancing the status of the emirate on the world’s map of leading entertainment centres,” said El Masri.

He added that the company will enter into a number of partnerships with real estate firms for the project.

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020