[AN] Ouverture du QG e Dubaïland
DUBAI — The Dh14 billion integrated theme park project, Legends in Dubailand, yesterday announced the opening of a new on-site headquarters and commencement of the earthwork for Legends of Arabia, the first of the three theme parks within the development.
The Legends headquarters was officially inaugurated by Mohammed Al Gergawi, Chief Executive Officer of Dubai Holding, promoters of the Dubailand, on Sunday.
Unveiling details of the development plan for Legends, senior officials of Dubailand, Gulf Finance House B.S.C. (GFH), the Bahrain-based Islamic investment bank behind the project and the project's holding company, Legends Development Company (LDC), termed the opening of the new headquarters as a step in developing the mixed-use integrated project which is conceived as one of the largest destinations for leisure and entertainment tourism in the Middle East.
Salem bin Dasmal, Chief Executive Officer of Dubailand, said: "The opening of the Legends headquarters marks the first step in translating the concept of the integrated theme park into reality."
Recently, the Saudi Arabia-based business entity, Tanmiyat Group had announced acquiring the residential and commercial components of the Legends at an investment of $2 billion (Dh7.35 billion). Tanmiyat is also part of the Legends platform through a 40 per cent subscription of a $302 million (Dh1.1 billion) private placement floated to fund the first phase of the project.