#PROJECT: WORLD'S BIGGEST OBSERVATION WHEEL

Trances · April 14th, 2005, 10:47 AM

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 · April 14th, 2005, 10:48 AM

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 · April 14th, 2005, 10:55 AM

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 · April 14th, 2005, 11:08 AM

^How predictable was that!?

Trances · April 14th, 2005, 11:38 AM

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 · April 14th, 2005, 01:02 PM

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 · April 14th, 2005, 02:39 PM

guess so its not a project yet ?

Rcd · April 14th, 2005, 07:15 PM

Copycats!!!

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

***Krazy*** · April 14th, 2005, 07:22 PM

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 ?!

Dubai-Lover · April 14th, 2005, 07:55 PM

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 · April 14th, 2005, 08:39 PM

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 · April 18th, 2005, 08:43 AM

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 · April 18th, 2005, 09:14 AM

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 · April 18th, 2005, 09:42 AM

sure spread it around the UAE far better

Dubai-Lover · April 18th, 2005, 10:16 AM

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

Dubai-King · April 18th, 2005, 12:09 PM

They are capable, but Dubai steals them all.

dubaiflo · April 18th, 2005, 01:44 PM

Quote:

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

that is new to me?!

Dubai-Lover · April 23rd, 2005, 12:34 PM

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 · April 23rd, 2005, 08:52 PM

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

Dubai-Lover · April 23rd, 2005, 09:03 PM

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

April 14th, 2005, 10:47 AM	#1
Trances , , and , Fade to Black. Join Date: May 2003 Location: Living in London Posts: 7,342	#PROJECT: WORLD'S BIGGEST OBSERVATION WHEEL PROJECT NAME : DUBAI Observation Wheel, ? HEIGHT: 183. meters or 600f with 30 Capsules STAGE: PLANNED DEVELOPMENT START DATE: SOON ? END DATE: UNKNOWN LOCATION: DUBAI ? __________________ "Are we ready to go farther or have we already gone to far?" “He who controls the present, controls the past. He who controls the past, controls the future.”

April 14th, 2005, 10:48 AM	#2
Trances , , and , Fade to Black. Join Date: May 2003 Location: Living in London Posts: 7,342	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. __________________ "Are we ready to go farther or have we already gone to far?" “He who controls the present, controls the past. He who controls the past, controls the future.”

April 14th, 2005, 10:55 AM	#3
Trances , , and , Fade to Black. Join Date: May 2003 Location: Living in London Posts: 7,342	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 ? __________________ "Are we ready to go farther or have we already gone to far?" “He who controls the present, controls the past. He who controls the past, controls the future.”

April 14th, 2005, 11:38 AM	#5
Trances , , and , Fade to Black. Join Date: May 2003 Location: Living in London Posts: 7,342	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 __________________ "Are we ready to go farther or have we already gone to far?" “He who controls the present, controls the past. He who controls the past, controls the future.”

April 14th, 2005, 01:02 PM	#6
dubaiflo visit my homepage Join Date: Jan 2005 Location: Rosenheim,Munich(GER) / Dubai(UAE) / Lazise(I) Posts: 15,894	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.. __________________ Click here to visit the fastest growing city in the world *Dubai - The Megaprojects - The Video (Version 3 cancelled due to credit crunch)* Sign the petition to help Dubai's construction workers

April 14th, 2005, 11:08 AM	#4
ahmedr Registered User Join Date: Feb 2004 Location: Cairo Posts: 916	^How predictable was that!?

April 14th, 2005, 02:39 PM	#7
Trances , , and , Fade to Black. Join Date: May 2003 Location: Living in London Posts: 7,342	guess so its not a project yet ? __________________ "Are we ready to go farther or have we already gone to far?" “He who controls the present, controls the past. He who controls the past, controls the future.”

April 14th, 2005, 07:15 PM	#8
Rcd Registered User Join Date: Nov 2004 Posts: 138	Copycats!!! Abu Dhabi really has to think something so original that Dubai cant have.

April 14th, 2005, 07:22 PM	#9
*Krazy* Kool Kat Join Date: Apr 2004 Location: Roanoke, VA Posts: 13,667	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 ?! __________________ Save Dubai's Workers! Click here and sign the petition!

April 14th, 2005, 07:55 PM	#10
Dubai-Lover Construction Paradise Join Date: Jul 2004 Location: Dubai (UAE) \| Oehringen (GER) \| Bad Honnef (GER) Posts: 12,684	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 __________________ Updates - Dubai on Emporis

April 14th, 2005, 08:39 PM	#11
crazyeight 21st century destination Join Date: Dec 2004 Location: Paradise Posts: 700	I had read about this one in concierge magazine before the abu-dhabi observation wheel was announced and i created a thread about it

April 18th, 2005, 08:43 AM	#12
mafjar Registered User Join Date: Aug 2004 Posts: 47	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.......

April 18th, 2005, 09:14 AM	#13
DarkBlueBoss Registered User Join Date: Mar 2005 Location: Dubai Posts: 586	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, __________________ The Greatest Man In History He is the loving grandfather, leading the prayers in the mosque while His infant grandson clambers upon His shoulders. He is the only Man to have journeyed to heaven and back. He is the Hero of Heroes.

April 18th, 2005, 09:42 AM	#14
Trances , , and , Fade to Black. Join Date: May 2003 Location: Living in London Posts: 7,342	sure spread it around the UAE far better __________________ "Are we ready to go farther or have we already gone to far?" “He who controls the present, controls the past. He who controls the past, controls the future.”

April 18th, 2005, 10:16 AM	#15
Dubai-Lover Construction Paradise Join Date: Jul 2004 Location: Dubai (UAE) \| Oehringen (GER) \| Bad Honnef (GER) Posts: 12,684	sure but why are the others not capable to realise such projects? __________________ Updates - Dubai on Emporis

April 18th, 2005, 12:09 PM	#16
Dubai-King Happy Birthday Dubai_Boy Join Date: Apr 2005 Location: [BAHRAIN] Posts: 261	They are capable, but Dubai steals them all.

April 23rd, 2005, 12:34 PM	#18
Dubai-Lover Construction Paradise Join Date: Jul 2004 Location: Dubai (UAE) \| Oehringen (GER) \| Bad Honnef (GER) Posts: 12,684	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. __________________ Updates - Dubai on Emporis

April 23rd, 2005, 08:52 PM	#19
dubaiflo visit my homepage Join Date: Jan 2005 Location: Rosenheim,Munich(GER) / Dubai(UAE) / Lazise(I) Posts: 15,894	oh now that sucks.. but i am sure if they don't build it, another company would do. __________________ Click here to visit the fastest growing city in the world *Dubai - The Megaprojects - The Video (Version 3 cancelled due to credit crunch)* Sign the petition to help Dubai's construction workers

April 23rd, 2005, 09:03 PM	#20
Dubai-Lover Construction Paradise Join Date: Jul 2004 Location: Dubai (UAE) \| Oehringen (GER) \| Bad Honnef (GER) Posts: 12,684	don't think so such a massive project needs a big developing company __________________ Updates - Dubai on Emporis

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