Dubai’s Wonderland park to undergo AED 1.8 bln reconstruction

10/01/2017 Argaam

Dubai-based investment firm Ento Capital plans to restructure the Wonderland amusement park in the emirate at a cost of AED 1.8 billion, it said on Tuesday.

 

The reconstruction of the park is slated to begin in the first quarter of 2017, said Hayssam El Masri, CEO of Ento Capital.

 

The 2.4 million square-foot project will be executed in phases over three years. It will incorporate amusement parks and entertainment facilities, as well as stores, food outlets, a cultural center, and two furnished apartment blocks.

 

The project is currently in the process of obtaining preliminary approvals from Dubai Municipality and other authorities, El Masri said, adding that Ento Capital will be entering into a number of partnerships with real estate firms and brands.

 

Wonderland, located near Dubai’s Creek Park, opened to the public in 1996. 

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