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Old May 16th, 2009, 07:54 PM   #81
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This looks great. Very disney-esque but what is required to entertain a growing population of mixed requirements and backgrounds.

Bravo ... lets move it on.
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Old May 17th, 2009, 09:11 AM   #82
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...........

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Old June 15th, 2009, 11:50 AM   #83
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Six Flags ...

... whoops!

http://www.arabianbusiness.com/55881...tcy-protection
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Old June 15th, 2009, 12:38 PM   #84
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NOO! If it doesn't come here, i hope another better company replaces then.
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Old June 15th, 2009, 02:19 PM   #85
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hope there's no affect... and if there is, they find someone else....
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Old June 15th, 2009, 03:10 PM   #86
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Do you think the park is even feasible in Qatar?
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Old June 15th, 2009, 04:47 PM   #87
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Nope, unless it's indoors or only opens for 8 months of the year.
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Old June 15th, 2009, 08:12 PM   #88
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Quote:
Originally Posted by davy_boy View Post
whats the whoops about that ? the plan is still to build the park by 2012.
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Old June 16th, 2009, 08:15 AM   #89
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Bankruptcy filing is a process that will allow Six Flags to reorganize its balance sheet. It is incorrect to say that it means freezing/cancelling plans. This is not a liquidation.
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Old June 16th, 2009, 08:35 AM   #90
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A theme park is definately feasabile.

Aladdin's Kingdom was tremendously successfull. Plus it was out in the open.

It was eventually shut down because it was never kept up to date and people became bored. This was before an influx as well.

Qatar needs more variety and an entertainment district, especially if it's to attract tourists.
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Old June 16th, 2009, 09:03 AM   #91
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Quote:
In Qatar, Six Flags was planning the country’s first five-star entertainment destination alongside developer Oryx Holdings.
Does this mean that they are out from working with Qatar for a project like this?!
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Old June 16th, 2009, 10:18 AM   #92
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Aladdins Kingdom was like a theme park from a Stephen King novel. The reason it was popular ( I am not sure how accurate that is ) was because it was something to do in a country with extremely limited options, especially at that time I'd guess.

Nothing is kept up to date ... I swear when we landed here in 2006 I could have sworn the pilot said ' Welcome to qatar, the time is 6:42pm, the year is 1987 and the temprature is 26 degrees '

When I heard the QBS chart, number 1 was Rick Astley - Never Gonna Give You Up!

I thought the whole country was being rickrolled!!!

http://en.wikipedia.org/wiki/Rickrolled
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Old June 16th, 2009, 10:43 AM   #93
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Why at that time? I don’t see the theme park market being saturated today in Qatar…
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Old June 16th, 2009, 01:53 PM   #94
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Well, GM is bankrupt, guess well see an influx of customers lining up selling there GM cars!
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Old June 16th, 2009, 04:21 PM   #95
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Six Flags Bankruptcy May Take 4-6 Months, CFO Says

June 15 (Bloomberg) -- Six Flags Inc.’s Chapter 11 reorganization may take four to six months to complete, the amusement-park chain’s chief financial officer said today.

“Our hope is that, and we believe it’s feasible, that we’d be done with the process before the end of the calendar year,” CFO Jeff Speed said in an interview, citing advice from the company’s legal and financial advisers.

The New York-based owner of 20 theme parks filed a petition in U.S. Bankruptcy Court in Wilmington, Delaware, on June 13, listing assets of $3 billion and debt of $2.4 billion as of Dec. 31. Six Flags is seeking court approval of a prearranged reorganization plan to cut its debt by about $1.8 billion and to eliminate more than $300 million in preferred stock obligations, the company said in a statement.

Emerging from bankruptcy before the end of the year is an “aggressive” estimate, said Joseph Stauff, an analyst at CRT Capital Group LLC in Stamford, Connecticut.

“Given the probability that this could be a contentious battle, that always alludes to a much longer-than-expected bankruptcy period,” Stauff said in an interview today. “The issue is they have to prove to the bankruptcy court that the plan currently contemplated is fair.”

Under the proposed plan, senior secured lenders would receive about 90 percent of the stock in the reorganized company, while unsecured bondholders would get about 10 percent, CreditSights Inc. analysts Chris Snow and Frank Lee wrote in a report today. Six Flags offered unsecured bondholders 85 percent in a recent debt-for-equity exchange, they said.

‘Displeased’

“Unsecured bondholders are likely to be displeased with the current terms being considered,” the analysts wrote.

Shareholders are likely to receive nothing, Fitch Ratings analyst Mike Simonton said today.

“In bankruptcy, the prior equity typically gets canceled,” Chicago-based Simonton said. “It gets zero value.”

Six Flags’s largest shareholders include Chairman Daniel Snyder, owner of the National Football League’s Washington Redskins. He owned 5.4 percent of Six Flags, or 5.28 million shares, as of October 2007, according to data compiled by Bloomberg.

‘Revival’ Path

As part of its Chapter 11 financing, Six Flags is seeking to renew or extend the maturities of existing letters of credit, subject to lender approval, and to get a so-called debtor-in- possession letter of credit facility to finance requirements.

“This action to clean up the balance sheet paves the way for a full revival of the company,” Chief Executive Officer Mark Shapiro said in a June 13 statement. “This process is strictly a financial restructuring of our debt.”
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Old June 17th, 2009, 04:58 PM   #96
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Six Flags is part of this entertainment district, so I merged these two threads.
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Old August 30th, 2009, 12:07 PM   #97
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Qatar Entertainment City announces the award of a QR100m infrastructure package

Qatar Entertainment City (QEC) announced a QR100m tender award to HBK Contracting (Hamad bin Khalid Companies) for the latter to complete QEC's phase II of the infrastructure within 18 months.


Signing ceremony Yousef Darwish & Sheikh Hamad AlThani.

Phase II of the Infrastructural work includes the construction of roads, sewage network, water systems, main irrigation system including a connecting network for fire fighting. HBK will also be establishing the electrical work such as road lighting as well as the construction of 6 bridges over the water canal and implementing a traffic system.

Yousef Darwish, General Manager of Qatar Entertainment City said, 'we are pleased to award a reputable national company the infrastructural work. The completion on time is one of our top priorities as completion of other phases is dependent on this particular activity. HBK are known for their professional and high standard workmanship and we are confident that the result will be a very positive one for QEC.

Sh Ali bin Hamad Al Thani, HBK Chairman said,


'We are delighted to get this assignment and our involvement in creating to what will help position Qatar as a tourist destination within the region. The project's components are very unique and much needed in our country. One of the main factors of success is an outstanding infrastructure work - which is what we plan on delivering on time.'


Entertainment City is an Abu Dhabi Investment House concept of a mixed use development containing components of retail, residential and hospitality with a focus on Entertainment. Currently, Qatar Entertainment City, a 1milion sqm water-front project is being established in the Lusail Development, North of Doha. The main aim of this particular project is to create as a main tourist destination hub within the GCC.

QEC has recently completed phase I of the infrastructure where the 1.5 km water canal dividing the northern dstrict of the city from its southern district had been completed. The water canal is one of the attraction points within the project itself as it will also be used as a transportation channel for visitors and residents alike. Besides QEC, India Entertainment City is also in the process of being implemented in Navi Mumbai, India - with a unique set up and flavor.

The past year saw an active year for QEC where announcements include joint venture with MAF (Majed Al Futtaim Group) to develop QEC Downtown; partnership with UDC (United Development Company of Kuwait) to develop the southern district of QEC; and an agreement with the international Six Flags to establish Six Flags in QEC as a major entertainment theme part.

An Entertainment City Advisory Board was established in early 2008 where members include renowned international companies such as Coca Cola, Rock and Roll Hall of Fame, Intersports, AEG live..etc. The main objective of this board is to provide and give international expertise to Entertainment Cities that are being and will be implemented internationally.
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Old August 31st, 2009, 09:05 AM   #98
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Al-Futtaim plans Doha real estate development

Dubai-based developer seeks to expand its retail empire into Qatar despite the economic downturn.

Dubai-based developer Al-Futtaim Group is drawing up a masterplan for a multi-billion-dollar mixed-use scheme in Doha, similar to its existing $5bn Festival City shopping and residential complex in Dubai.

Al-Futtaim is in advanced negotiations with a landowner in Doha to acquire a site big enough to build a shopping mall capable of housing 250 different retail outlets, with 10 or more residential towers.

The Doha development, which could use the Festival City brand, is the fourth major retail and residential development in the region from the group, following projects in Egypt, Morocco and the UAE.

The developer is unusual in moving ahead with new schemes as few real estate projects in the Middle East & North Africa (Mena) have been launched since the credit crunch hit regional developers in late 2008.

"We are probably one of the few investors still looking at doing new developments in the region, which puts us in a great situation, very different from the competitive environment of the past few years," says Marwan Shehadeh, managing director of Al-Futtaim Capital, the investment arm of the Al-Futtaim Group.

"We are very positive on the long-term prospects of the Mena real estate and retail markets, and are positioning ourselves today to reap the benefits when things turn around in the future."

Al-Futtaim has the support of some of the region's best-known retailers. It owns the licences for Japanese brands such as Toyota, Lexus, Honda, Panasonic, Toshiba and Sanyo, and US brands including Chrysler, Jeep, Dodge, and Toys R Us.

It also operates stores on behalf of the UK's Marks & Spencer and Sweden's Ikea.

"We hope to start working on the project soon," says Shehadeh. "We hope the negotiations with the landowner will be finalised in the next couple of months and we are already preparing the masterplan."
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Old August 31st, 2009, 12:19 PM   #99
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I was going to post that LOL!

But, are you sure that the mall will be in entertainment city though?
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Old August 31st, 2009, 01:12 PM   #100
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Yes definitely, actually this is no news, if you check the previous page you will see the press release from Al Futtaim talking about the mall in entertainment city
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