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Dubai company borrows $1.6b to build F1 theme parks
The Emirates are gearing up for the opening of FerrariWorld in Abu Dhabi, but they won't have the monopoly for long, it seems. Union Properties, a real estate development company based in nearby Dubai, has secured the rights from Bernie Ecclestone's Formula One Management to construct a series of F1 theme parks around the world. Wait a second, a series? Not just one? That's right. Union Properties is thinking big, and spending big. The first will be built in Dubai, with construction set to begin soon with a targeted opening date in 2009... ... Read more →
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Dubai company borrows $1.6b to build F1 theme parks 2 years ago on Autoblog
The Emirates are gearing up for the opening of FerrariWorld in Abu Dhabi, but they won't have the monopoly for long, it seems. Union Properties, a real estate development company based in nearby Dubai, has secured the rights from Bernie Ecclestone's Formula One Management to construct a series of ...
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