Commercial Projects
Dubai Theme Park Project Underway in City of Arabia
The park will cover over 1.5 million square feet initially, and consist of four zones.
Dubai-based IMG Group (The Ilyas & Mustafa Galadari Group) has begun construction of the world’s biggest indoor theme park within the City of Arabia in Dubai.
Dubbed IMG Worlds of Adventure, the theme park will occupy more than 1.5 million square feet in its first stage and will comprise four zones; Marvel (zone one ), Cartoon Network (zone two), Lost Valley (a dinosaur-themed zone three), and the IMG Entertainment Zone.
The IMG Worlds of Adventure is designed to attract up to 20,000 visitors per day on completion in early 2014, and 20 million visitors annually by 2020.
The IMG Group recently told reporters that a basic frame with structural columns had been erected for the development and off-site rides in various sites were underway and shipments were expected to arrive by the end of the year.
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“IMG Worlds of Adventure is one of the most anticipated developments in the region offering many world firsts which will position Dubai on the global map as a themed entertainment capital,” the company said.
The IMG Group did not reveal the actual costs of the IMG Worlds of Adventure. In May 2012 lenders Al Hilal Bank and Mashreq said they had closed a shari’ah fund facility to help finance the theme park.
The project, which was initially launched in 2005, was scheduled for completion in 2010 but was postponed after the global economic crisis took its toll on the then-booming Dubai construction industry.