IMG WORLDS OF ADVENTURE
NOW OPEN - (Opened August 31, 2016)
Park News - (3/19/19) According to BlooLoop, the owners of IMG Worlds of Adventure are said to be in early discussions regarding a possible sale of part of all of the IMG Worlds of Adventure theme park in Dubai. While the park denies this so far, it was noted that they have had difficulty in restructuring a $326 million loan for the park.
Assuming for the moment that a possible sale could happen, it does beg the question… who in the industry might be willing to buy this interesting property in Dubai, or could ownership simply shift to another Dubai based property?
(11/2/18) According to this article the company behind IMG’s Worlds of Adventure theme park in Dubai has hired Moelis & Co to help advise them on how best to handle debt restructuring in the hopes to extending the term and size of about $326.7 million in loans taken out to build the park.
(2/9/18) According to this report the owners of IMG Worlds of Adventure is in talks with the banks about restructuring some of the debts and loans as well as increasing the top-end in order to cover some cost overruns. In general they are looking to gain a little breathing room by having financial institutions provide them with a little more credit and to extend out the loan maturity dates in exchange for providing them with the ability to monitor their financial situation more closely.
(9/14/17) BlooLoop has posted an interview with the CEO of IMG Worlds of Adventure as they talk about the creation of that park on their first anniversary and about the plans they are moving forward with to build a second park in the UAE. And would you believe that one of the most popular attractions with the longest line, sometimes stretching to 3 or 4 hours, isn't a ride at all, but is The Haunted Hotel walk-through haunted house experience. They've had the increase the age limit to 15 due to the scares and apparently word of mouth about this attraction has been spreading amongst the UAE as a must-do attraction.
(9/5/17) Would you believe that the group behind the IMG Worlds of Adventure theme park in Dubai is now looking into opportunities to expand their theme park empire internationally? The plan is to look for opportunities to grow in markets that may have been limited due to weather issues (both hot and cold) in the past from building more traditional outdoor theme park experiences. According to an interview with Lennard Otto, CEO of IMG Worlds posted to BlooLoop, the park is on track to hit their first year attendance target of 4 million guests apparently.
(12/7/16) In a move I really wasn't expecting so soon, the owners of the new IMG Worlds of Adventure indoor (mostly) theme park in Dubai have announced plans to build a whole second theme park to be called IMG Worlds of Legends. The new mostly indoor park will be built next to the first park, span over 2-million square feet of space, feature a section with a retractable roof and feature nine different themed zones that will use IP from:
Ubisoft - Raving Rabbits, Just Dance, Assassin's Creet
Mattel - Barbie, Hot Wheels, Bob the Builder, Thomas, Mega Bloks
Nickelodeon - Teenage Mutant Ninja Turtles, Dora the Explorer, SpongeBob
Saban Brands - Power Rangers
Pokemon - Pokemon
Cartoon Network - We Bare Bears and others TBA
Toei Animation - Dragon Ball Z, One Piece
TV Tokyo - Naruto
The park will also use some of IMG's own brands like Legends of Arabia and the Lost Valley Dinosaur Adventure.
So far no timeline as to when construction will begin, or an intended opening date for the new park was given.