UAE Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid al-Maktoum (R) attends a ceremony to launch the Mohammed bin Rashid Global Centre for Endowment Consultancy social initiative on March 22, 2016 in the Emirate Dubai. / AFP / KARIM SAHIB
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A massive Dubai amusement park project still under construction plans a $454 million addition to include a Six Flags, the company said Monday, yet another major bet on tourism by the attraction backed by the emirate's ruler.Dubai Parks & Resorts said its board of directors agreed to issue shares worth 1.67 billion dirhams ($454 million) to raise money for the Six Flags Dubai park.Officials hope to open the Six Flags park by late 2019 .Six Flags signed a 2014 deal with Meraas to build a theme park on Dubai's outskirts, and the Dubai Parks & Resorts' announcement is "the next stage of the agreement," Krejsa said in an email.While still mostly desert, the site of Dubai Parks & Resorts is close to where Dubai plans to host the 2020 World Expo, or world's fair, as well as Al Maktoum International Airport at Dubai World Central, which officials hope someday will handle over 200 million passengers a year.
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