#PROJECT: WORLD'S BIGGEST OBSERVATION WHEEL

[Trances]

PROJECT NAME : DUBAI Observation Wheel, ?
HEIGHT: 183. meters or 600f with 30 Capsules
STAGE: PLANNED DEVELOPMENT
START DATE: SOON ?
END DATE: UNKNOWN
LOCATION: DUBAI ?

[Trances]

World's biggest wheel for Dubai

http://www.ameinfo.com/57786.html

The tallest observation wheel in the world will be built in Dubai, after a deal between UAE-based Allied Investment House and Las Vegas-based Voyager Entertainment. The $150m, 600ft wheel will be 100% financed by AIH. It will have 30 orbiter capsules with a total capacity of 7.5m guests per year. The project also includes a restaurant and condominiums.

[Trances]

Another Ferris wheel for UAE Crazy stuff still not that high really compared to others
Little taller than the london Eye I guess (135 m)
Could this project be taken from the one in AD ?

[ahmedr]

^How predictable was that!?

[Trances]

LOL could not see that coming
I dont know it thought it was one title that Dubai "Meh dont matter as long as it ends up in the UAE" but seems like that not the case

[dubaiflo]

haha wtf?!?sure it isn't the abu dhabi one???
that is just insane
please post it in world forum...
nothing about location...hopefully dubailand..

[Trances]

guess so its not a project yet ?

[Rcd]

Copycats!!! :bash:

Abu Dhabi really has to think something so original that Dubai cant have.

[Krazy]

Wait a minute... the Voyager Wheel of Abu Dhabi is also 600 ft..... and the company making this wheel for Dubai is called Voyager... are we all talking abt the same wheel here???? DID DUBAI JUST STEAL ONE OF OUR PROJECTS ?! :rant:

[Dubai-Lover]

haha

i bet a huge amount of money it's the same!

everything is identical, so they have moved this one

i suppose it'll be located in dubailand

[crazyeight]

I had read about this one in concierge magazine before the abu-dhabi observation wheel was announced and i created a thread about it

[mafjar]

I think this is the same wheel...the first report of the observation wheel never said it would be in Abu Dhabi, just the UAE...also on Emirates flight the other day I saw a new promotional video for Palm Jumeirah...replacing the Pinnacle was a great big observation tower.......

[DarkBlueBoss]

i am sorry, i love dubai and all, but this just isnt right, come on, its the same country, they cant be competing like this.....

i would love to see nice things in Abu Dhabi, Sharjah, Ajman and the other emirates as well,

[Trances]

sure spread it around the UAE far better

[Dubai-Lover]

sure
but why are the others not capable to realise such projects?

[Dubai-King]

They are capable, but Dubai steals them all.

[dubaiflo]

.replacing the Pinnacle was a great big observation tower.......

that is new to me?!

[Dubai-Lover]

not a good sign i'd say!



Big wheel developer is on brink of bankruptcy


A US firm planning to develop the world’s largest observation wheel in Dubai is on the brink of bankruptcy.

The holding group of Voyager Entertainment International, which unveiled plans to build a US $150 million, 182 m-tall wheel in Dubai earlier this week, has warned financial watchdogs it could become insolvent after amassing millions of dollars worth of debt.

In its quarterly submission to the US Securities and Exchange Commission, filed on November 23rd 2004, Voyager Entertainment Holdings (of which Voyager Entertainment International is a wholly-owned subsidiary), stated: “Over the next twelve months, we believe that existing capital and anticipated funds from operations will not be sufficient to sustain operations and planned development.

“In the event we are unsuccessful in generating equity capital, then the company will be unable to continue with product development and/or marketing. The lack of equity capital or other financing may in turn cause the company to become insolvent, and may cause the company to seek protection under the federal bankruptcy laws.”

In the same document, Voyager Entertainment Holdings also states: “We have yet to establish any history of profitable operations.”

In its latest filing to the Commission, lodged this week, Voyager Entertainment International announced it had signed a joint venture agreement with Allied Investment House (AIH), and had been working with the Abu Dhabi-based Bin Salem Group, a general trading company.

An employee from Bin Salem Group confirmed that the group was aware of the Big Wheel project, but offered no further comment.

A press release issued by the US firm at the same time as the filing, describes AIH as an investment banking group operating out of the UAE, but with offices in Washington DC, Los Angeles, Toronto and Hong Kong. John Heine, a spokesperson for the Washington-based Securities and Exchange Commission, said that the organisation had no record of the company on its files.

Neither had financial regulators in Hong Kong heard of AIH, which Voyager Entertainment International claims will provide all of the financing for the Dubai project.

Construction Week traced the company to a serviced office suite in Dubai’s Fairmont Hotel building, but nobody at the firm was available to talk.

Voyager Entertainment International has been linked to other Big Wheel projects in cities as far apart as Dallas and Shanghai — but none have so far made it off the drawing board.

The firm’s latest failed project was in Las Vegas, where it had planned to build yet another “World’s Tallest Observation Wheel.”

The company had been in talks with Rio All-Suite Hotel & Casino, but according to its quarterly filing, the pair “mutually agreed to discontinue negotiations” on 30th April 2004.

Richard Hannigan, president and chief executive officer of Voyager Entertainment Holdings was in Dubai this week, according to a spokesperson at the firm’s US headquarters.
Hannigan was unavailable for comment.

[dubaiflo]

oh now that sucks..
but i am sure if they don't build it, another company would do.

[Dubai-Lover]

don't think so
such a massive project needs a big developing company

[dubaiflo]

we have enough...

[Krazy]

I hope Dubai doesnt get it ! STOLE it from Abu Dhabi !

[New York Yankee]

I hope Dubai doesnt get it ! STOLE it from Abu Dhabi !

i thought the observation wheel in abu Dhabi is the biggest, but how big is this one??

[Krazy]

well they were gonna make the biggest observation wheel in abu dhabi but they shifted it to dubai instead.

[Dubai-Lover]

after reading all these rumours it now seems the project has been approved and will go through!!!



The biggest wheel in the world due to become reality at Dubailand

Dubailand and The Great Wheel Corporation signed an agreement on 12th May 2005, under which land has been allocated for the construction of the world's greatest Observation Wheel at Dubailand.

http://www.ameinfo.com/images/news/0/15570-dubaliand-juni-13-2005.jpg
Salem and the investor: Mr. Chiel Smits


It will open to the public in 2008.

'We welcome The Great Wheel Corporation to Dubailand where we are building one of the world's finest locations to live in, to have fun and to enjoy and celebrate the good things of life,' stated. Salem bin Dasmal, Chief Executive Officer of Dubailand.

'We are creating unique wonders in partnership with the private sector from across the world. The Great Dubai Wheel is an example of this model cooperation and yet another addition of a world-class attraction to the ever increasing skyline of Dubai,' he added.

The Great Dubai Wheel will be significantly larger than the London Eye, which was recently voted the best tourist attraction in the world. Located in a prime area of Dubailand, the Great Dubai Wheel will further enhance Dubai's reputation as a leading world city, featuring iconic, unparalleled architectural structures. It will sharply raise the visibility of Dubailand.

During the exciting journey on the wheel, the visitor will be able to view distances of up to 50 kilometres and hence will be able to see all the wonders of Dubai. Like the London Eye, the Great Dubai Wheel will attract additional visitors to Dubai giving them an ideal opportunity to plan their stay during the interactive ride on the wheel.

The engineering challenge to create the world's greatest observation wheel has been undertaken by Hollandia, the specialist Dutch engineering company which successfully built the London Eye.

The motivation behind the project is to set up a new landmark structure that matches Dubai's image as an international attraction of the greatest quality standard.

The Greatest Wheel of Observation is a perfect example of mutually beneficial cooperation between two great institutions - Dubailand and Great Wheel Corporation. It shows how the best from across the world can find rewarding opportunities in the beneficial investment and business environment of Dubai and the UAE.

Dubailand, which is fast coming up on 3 billion square feet of land, will be the region's - if not the world's largest and most comprehensive entertainment, tourism, leisure and lifestyle community offering something for everyone.

[crazyeight]

well, although i don't like this project...i'm kinda glad it's in dubailand!

[dubaiflo]

actually it would be a surprise if it wouldn't have been in dubailand...

[griftre]

they're really maximising what Dubailand has to offer... this is great news indeed for Dubai :) ...

[Dubai-Lover]

Dubailand to construct world's largest observation wheel

Staff Report

Dubai :
Dubailand assigned the construction of the world's largest observation wheel to The Great Wheel Corp on May 12. It will open to the public in 2008.

"We welcome The Great Wheel Corporation to Dubailand where we are building one of the world's finest locations to live in, to have fun and to enjoy and celebrate the good things of life," Salem Bin Dasmal, Dubailand's chief executive said.

The Great Dubai Wheel will be significantly larger than the London Eye, which was recently voted the best tourist attraction in the world.

Hollandia, the specialist Dutch engineering company, which successfully built the London Eye, is set to construct the giant observation wheel.

"We are creating unique wonders in partnership with the private sector from across the world. The Great Dubai Wheel is an example of this model cooperation and yet another addition of a world-class attraction to the ever increasing skyline of Dubai," he said.

The Great Dubai Wheel, located in a prime area of Dubailand, will further enhance Dubai's reputation as a leading world city, featuring iconic, unparalleled architectural structures. It will sharply raise the visibility of Dubailand and attract additional visitors to Dubai.

The motivation behind the project is to set up a new landmark structure that matches Dubai's image as an international attraction of the greatest quality standard.

The visitors will be able to view distances of up to 50 kilometres and will be able to see all the wonders of Dubai.

ICONIC STRUCTURE
Enhancing emirate's reputation

The Great Dubai Wheel will further enhance Dubai's reputation as a leading world city, featuring iconic, unparalleled architectural structures.
The visitors will be able to view distances of up to 50 kilometres and will be able to see all the wonders of Dubai.
Vital statistics of London Eye are : Diameter 135 metres, weight 1,900 tonnes, weight of a single cable 1.5 tonnes. On a clear day, you will be able to see for 25 miles and it has 32 pods.

[dubaiflo]

50 km on a clear day.
nice.
and a good position, you will see everything then.
and finished 2008, that is ok!

[Phenomenal Fullerton]

i am sorry, i love dubai and all, but this just isnt right, come on, its the same country, they cant be competing like this.....

i would love to see nice things in Abu Dhabi, Sharjah, Ajman and the other emirates as well,


sure spread it around the UAE far better


sure
but why are the others not capable to realise such projects?


They are capable, but Dubai steals them all.


Dubai doesn't steal all the good projects. It just has more foresight than other cities in the UAE, and appears to have the ability to get things done faster. That’s being visionary, it’s not stealing.

As with everything in life, it's very common for several people to come up with the same idea. But the longer that idea remains just an idea, the more likely it is for someone else to make it a reality.

Snooze, you lose. Simple as that.

[Bahraini Spirit]

Another height kept a secret, hmm, it can't be that tall since you can only see 50 km.

[Dubai-Lover]

but this project is no longer alive for dubai
they have moved to las vegas

[Bahraini Spirit]

but this project is no longer alive for dubai
they have moved to las vegas

Don't worry it's Dubai, they'll come up with somethin even larger.

[Alle]

They really aim to have it all in Dubai :D.

[Moody]

Is it going to be like the London Eye?

[Bu_Bastak]

hmm is there a picture of this anywhere?

[Subangite]

Don't worry it's Dubai, they'll come up with somethin even larger.

Why does dubai seem to be infatuated with all things big? Trying to compensate for something thats "small" and lacking........? Tallest building, largest wheel... where will it end?

[Face81]

Why does dubai seem to be infatuated with all things big? Trying to compensate for something thats "small" and lacking........? Tallest building, largest wheel... where will it end?

that is such a ridiculous question.... :weirdo:

Why does the development of Dubai have to "end"? Why is Australia planning on building the Worlds tallest solar panel tower? Your question is baseless and pointless...

Why shouldnt Dubai bild the tallest/largest buildings in the World? As an emerging global hub that plans to take on other giants like NewYork, London and Tokyo, it is only natural that Dubai firmly places itself in the limelight to show the World that it is capable of being a "super" hub.

Now stop being silly and appreciate what you see here. :cheers:

[dubainico]

that is such a ridiculous question.... :weirdo:

Why does the development of Dubai have to "end"? Why is Australia planning on building the Worlds tallest solar panel tower? Your question is baseless and pointless...

Why shouldnt Dubai bild the tallest/largest buildings in the World? As an emerging global hub that plans to take on other giants like NewYork, London and Tokyo, it is only natural that Dubai firmly places itself in the limelight to show the World that it is capable of being a "super" hub.

Noe stop being silly and appreciate what you see here. :cheers:

you`re sooo right... why do some people always want to criticize what is supposed to be successful?

[Gregorious]

Yeah, but the other places are not trying to be the best in everything?? ( not that i dont like what dubai is doing, of course! :D )