Dubai Parks opens door for Six Flags park in Saudi Arabia

29/06/2016 Argaam

Dubai Parks and Resorts Co. will waive its exclusivity rights for a Six Flags theme park in Saudi Arabia, the company said in a statement on Wednesday.

 

The Dubai-listed company will offer full support towards the establishment of the park in the kingdom, under the directives of Mohammed bin Rashid Al Maktoum, vice president and prime minister of UAE and ruler of Dubai.

 

Six Flags also said it a statement that it had begun talks with the Saudi government to open parks in the kingdom, following a recent meeting between its chief executive John Duffey and Saudi Deputy Crown Prince Mohammed Bin Salman.

 

Dubai Parks is scheduled to open a Six Flags in Dubai within the fourth quarter of 2019. The company raised AED 1.68 billion through a recent rights issue to finance the development of the theme park.

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