Blaming the global economic slowdown, the builders of the first F1-X theme park in Dubai are saying their project is delayed until at least next year. The park was to become part of the "Dubailand" project that included the Dubai Autodrome, luxury condominiums and a business park (think of it like a Disney World for the Persian Gulf). However, banks and other financial institutions have pulled funding, putting the brakes on the half-built project. Union Properties, the company tasked with this venture, insists the project will eventually be completed... although it will obviously miss its planned opening originally set for later this year.
[Source: The National]