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UP may cancel F1 theme park
- United Arab Emirates: Monday, March 02 - 2009 at 14:23
Dubai's third-largest property firm, Union Properties may have to cancel a proposed Formula 1 theme park if it fails to receive government cash or tap debt markets soon. Union Properties said it was suspending construction of the $460m theme park due to the financial crisis and the drying up of liquidity from banks. Some $263bn of projects had been cancelled or put on hold in the UAE.
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StaffMonday, March 02 - 2009 at 14:23 UAE local time (GMT+4)
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