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Dubai’s Worlds of Adventure wins US$327m financing
POSTED 14 Apr 2014 . BY Jason Holland
IMG Theme Park, the Dubai company behind the under-construction IMG Worlds of Adventure theme park, has secured AED1.2bn ($327m, £195m, €236m) in financing.

Abu Dhabi Islamic Bank (ADIB) arranged the syndicated Islamic facility, which will be used both to refinance IMG Theme Park’s existing corporate facility and to finance expansion of the Worlds of Adventure project.

The 1,500,000sq ft (139,355sq m) park in Dubai has been designed by IMG in collaboration with Florida-based Falcon’s Treehouse, and will feature four themed zones. Two are centred on Marvel and Cartoon Network characters, while a third - Lost Valley-Dinosaur Adventure - features original animatronic dinosaurs and rides.

IMG says all zones will include “state-of-the-art attractions, mega-coasters, and immersive rides,” as well as a number of retail stores and dining outlets.

Worlds of Adventure - which will have the capacity to accommodate more than 20,000 visitors per day - is situated within City of Arabia, Dubailand, a popular district of Dubai which already features an array of visitor attractions.

IMG says the park will become the largest temperature controlled indoor themed entertainment destination in the world, although it has given no official date for opening.

ADIB acted as the mandated lead arranger, investment agent, security agent and account bank for the facility. Al Hilal Bank and Commercial Bank International acted as mandated lead arrangers, Noor Bank as lead arranger, and Sharjah Islamic Bank as arranger.
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Jobs   News   Products   Magazine
NEWS
Dubai’s Worlds of Adventure wins US$327m financing
POSTED 14 Apr 2014 . BY Jason Holland
IMG Theme Park, the Dubai company behind the under-construction IMG Worlds of Adventure theme park, has secured AED1.2bn ($327m, £195m, €236m) in financing.

Abu Dhabi Islamic Bank (ADIB) arranged the syndicated Islamic facility, which will be used both to refinance IMG Theme Park’s existing corporate facility and to finance expansion of the Worlds of Adventure project.

The 1,500,000sq ft (139,355sq m) park in Dubai has been designed by IMG in collaboration with Florida-based Falcon’s Treehouse, and will feature four themed zones. Two are centred on Marvel and Cartoon Network characters, while a third - Lost Valley-Dinosaur Adventure - features original animatronic dinosaurs and rides.

IMG says all zones will include “state-of-the-art attractions, mega-coasters, and immersive rides,” as well as a number of retail stores and dining outlets.

Worlds of Adventure - which will have the capacity to accommodate more than 20,000 visitors per day - is situated within City of Arabia, Dubailand, a popular district of Dubai which already features an array of visitor attractions.

IMG says the park will become the largest temperature controlled indoor themed entertainment destination in the world, although it has given no official date for opening.

ADIB acted as the mandated lead arranger, investment agent, security agent and account bank for the facility. Al Hilal Bank and Commercial Bank International acted as mandated lead arrangers, Noor Bank as lead arranger, and Sharjah Islamic Bank as arranger.
Sign up here to get the Attractions Management weekly ezine and every issue of Attractions Management magazine free on digital.
RELATED STORIES
MORE NEWS
Longwood Gardens reveals plans for ambitious US$250m expansion
Longwood Gardens, a botanical visitor attraction near Philadelphia, US, has revealed plans for an ambitious, US$250m redevelopment project.
Pandemic having 'massive impact' on US attractions – losses estimated at US$23bn
The pandemic cost the US visitor attractions an estimated US$23bn in economic losses during 2020, while the sector also suffered job losses five times larger than the average loss across all other US industries.
First look: Disney's new Spaceship Earth night-time experience at EPCOT
Disney has released concept designs for its plans to transform the Spaceship Earth attraction at EPCOT theme park at the Walt Disney World in Orlando, Florida, US.
Merlin reveals Chessington's new Croc Drop tower attraction
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COMPANY PROFILES
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
TechnoAlpin

The TechnoAlpin SnowRoom is the most attractive and effective way for customers to cool down from h [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
+ More profiles  
FEATURED SUPPLIER

Triotech and Benoit Cornet’s Bold Move to collaborate on breakthrough innovative media-based attractions
Triotech has announced a breakthrough alliance with Benoit Cornet and Bold Move to bring a new collaborative approach to the design of media-based attractions – with an emphasis on adding value for operators. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

05-07 May 2021

TEA SATE Europe 2020

PortAventura World, Tarragona, Spain
09 Jun 2021

IAAPA Expo Asia 2021

The Venetian Macao, Macao, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2021

ABOUT LEISURE MEDIA
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