Last week, the entertainment division of brewer Anheuser-Busch Cos. Inc. (nyse: BUD – news – people ) said it will open four theme parks in Dubai. Busch Entertainment Corp. will partner with Dubai developer Nakheel to create the Worlds of Discovery – a complex that will include SeaWorld, Aquatica, Busch Gardens and Discovery Cove.
Hap Tip Margo I.
Six Flags to Open Dubai Theme Park
Associated Press 03.04.08, 2:40 PM ET
New York: Theme park developer Six Flags Inc. said Tuesday it will partner with Dubai-based developer Tatweer to build theme parks across the Arab world.
The financial terms of the deal were not disclosed.
Six Flags (nyse: SIX – news – people ) said it will work with Tatweer to create a number of new concepts in the region, including Six Flags theme and water parks, branded restaurants, hotels and retail outlets.
Six Flags said the highlight of the alliance will be a new Six Flags Dubailand, a five million square foot theme park in Dubai.
The theme park will be the first one Six Flags has developed outside of North America, the company said.
The company said the park will feature entertainment like musical group Wiggles and professional skateboarder Tony Hawk as well as thrill and adventure-themed rides.
Six Flags said the Dubailand park will break ground in 2009.
The theme park will be a part of the overall Dubailand project, a 3 billion square-foot development. The project includes tourist attractions, shopping malls, restaurants and residential units.
Six Flags is the latest company interested in developing theme parks in Dubai, which is becoming an international tourist destination.
Last week, the entertainment division of brewer Anheuser-Busch Cos. Inc. (nyse: BUD – news – people ) said it will open four theme parks in Dubai. Busch Entertainment Corp. will partner with Dubai developer Nakheel to create the Worlds of Discovery – a complex that will include SeaWorld, Aquatica, Busch Gardens and Discovery Cove.
Six Flags shares rose 5 cents to $1.75 in afternoon trading.
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