Dubailand theme park developer files for bankruptcy

15 June 2009

The status of the multibillion-dollar Six Flags project in Dubailand was unclear yesterday after the US-based theme park operator filed for bankruptcy protection after its shares plunged 86% in a year. Six Flags and Tatweer, the owner of Dubailand and part of Dubai Holding, signed an agreement in March last year to develop theme parks across the Gulf. Tatweer has said that its plans will not be affected.

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