P04IPiaapa-news 2:P04IPiaapa-news 2 30/10/2008 11:44 Page 2
WORLD
NEWS
WORLD
NEWS
GUAM PARK PLAN INDIA SET FOR GROWTH
S&S International Inc has revealed plans to THE amusement industry in India is poised
open
ME
the
X
US$30m
ICO
Guam Miniature World to grow 25 per cent every year, a senior
and Theme Park in the spring of 2010. official claimed recently.
P
“The
ark o
main
p
featur
era
es
to
of
r
this
s
particular “The cumulative investment in this
project will include scale models of some industry in the last eight to 10 years was
of
h
the
it b
world
y s
attractions
wine fl
existing
u
around to the tune of Rs40bn approximately and
the globe,” the company stated in a recent we expect to grow at 25 per cent every
pr
T
ess
HE
r
h
elease.
ighly pub
“Examples
linullised outbr
of
eanull
these
of sw
will
ine flu, whinullh
year
is
,” said Arijit Sengupta, president of the
include
thought
the
to h
pyramids
ave origina
in
ted
Egypt,
in nullexi
the
nullo, lo
Gr
onull
eat
s set to ha
Indian
ve
Association of Amusement Parks
W
a
all
de
of
vas
China,
tating e
the
ffenullt
Eiffel
on th
T
e
ower
nulloun
,
tr
as
y’s
well
them
as
e parnull a
and
nd
Industries.
many others.” Sengupta, also the director and chief
a
Several
ttranulltions
rides,
indust
including
ry.
a roller coaster executive officer of Nicco Parks and
and
T
a
he
small
outbr
train
eanull o
ride,
f the
ar
v
e
iru
among
s, whinullh
the
has led to t
R
h
esorts,
e
said the industry has witnessed a
plans,
suspenull
as
ted
ar
d
e
ea
live
ths
cultural
of nullnullnull p
per
eop
formances.
le, prompted the nulllo
ver
sing
y

high
of the
gr
m
owth
e parnull
since
s, spor
2000
ts stad
and
iums
would
and other
The
pub
pr
linull
oject
planulles
is
.
likely to be built on between grow further, in part thanks to the
35 to The55 nullouacrntres y’s bof enprnullhoperty marnull nullnullnulloff stonullRnulloute index 3.plunged null.incrnull peeasing r nullent wheexpertise n the virusof toride onull homanufacturld at the beginers.ning
of nullay, and the peso slumped as the raminullnullations of
“Earlier
the outb
the
reanull
industr
nullltered
y
th
used
rough
to
the
import
business
lots
and
DtouUrisBt nullAomI mTuOnit ie‘sR. IDE OUT CRISIS’
of rides from foreign countries,” Sengupta
THE nullolglobal lowing neconomic ews of the odownturn utbreanull, nullS will opernotator Six nullla
said.
gs shu
“But
t down
now
indo
the
or fanull
manufacturing
ilities null innullluding restaurants
affect
and sho
the
w v
bur
enue
geoning
s null at its
leisur
nullexinull
e
o
industr
nullity the
y
me
in
parnull a
companies
t the renullomm
her
en
e
da
ar
tio
e
n
pr
of
oducing
nullexinullan
the
healt
majority
h ofnullnullials
Dubai,
wornulling
accor
to nullon
ding
tain th
to
e s
Ahmad
pread of
Sharaf
swine fl
,
u.
CEO
of the rides and are also exporting. Though
of
S
T
p
atweer
onulleswom
Investments,
an Sandra nulla
which
niels sa
is
id
behind
it is still at the nascent stage, it has a huge
the parnull will nullontinue to nullonulloperate fully with the nullexinullan
many
govern
of
men
the
t on
pr
th
ojects
e outbre
curr
anull.
ently in
potential to grow.”
development
nulleanwhile, re
in
pr
the
esent
emirate
atives from
including
theme pa
the
He said that rides within India can be
massive Dubailand.
rnull opera
pr
tor
oduced
s outside
at
nulle
a
xi
competitive
nullan borders, pa
price
rtinullula
due
rly in
to
the
the
nullS,
sa
“It
id th
is
ey
a
w
cautious
ere nulleepin
time,
g in nulllo
no
se null
doubt,”
ontanullt wit
he
h the lonullal p
availability
ublinullnullhealth
of
ofnull
cheap
nullials for
labour
news of
and
any d
r
e
elatively
velopments.
told
The
the
out
Khaleej
breanull of
T
s
imes
wine
.
fl
“Y
u
ou
has
have
put fu
got
rther
to
pressurcheaper e on nullexraw inullo’s material.already troubled tourism and travel
have
indust
your
ry. nulllt
eyes
hough
open.
rannulled
But
as
I
th
am
e wo
ver
rld
y
’s nullnullthnullmostnullvisited tourist destination, over renullent months the
optimistic nullountry has that been we’ll left tacome rnishedout by aof rathissh of drugnullwo
HKD CLEARS
rld violennulle and its dev
L
elo
O
pi
ANS
ng enullonomy has been
winning. severely hitDubai by the will effenullcome ts of theout globway al renullaheadession.
A CHEAP financial arrangement provided
of everyone else through this.”
by the Walt Disney Co has enabled Hong
“The challenges that we have will be
Kong Disneyland to clear its commercial
similar
EGY
to
P
any
T
other investor globally,” he
loans,
from th
amounting
e newest de
to
ve
ar
lop
ound
ments
HK$3.3bn.
nullreated for this
said, referring to the global credit tit
The
le linull
loan
ennulle.
repayment allays concerns that
crunch.
Alter
“But
face m
having
o
said
ve
that,
s in
I am
to
very
the park would have to refinance,
positive
Africa
with
n m
the
a
opportunities
rket
that lay
particularly with current economic
forth for Tatweer.”
conditions, and paves the way for future
Sharaf said the Dubailand vision is to
expansion.
drive nullnullTERup nullnullnullthe E is number preparinof g to tourists nullut the from ribboann on
The park, which is 57 per cent owned by
average the landmof arnullnullseven nullth insmillion tallation a oyear f its nullto esp15erados
the Hong Kong Government, opened in
million
interanullti
by
ve null
2025.
inema title.
2005 but has been criticised for falling
To be lonullated in Heliopolis, near nullairo, Egypt,
short of expected attendance levels.
ISK
the
ANDER
move marnulls
PROPOS
nullelgiumnullbased
AL
nulllterfanulle’s nullrst
BUYEO RESORT
SEVER
install
AL
atio
amusement
n in nullfrinulla.
park operators are in KOREA’S Lotte Group is to build a large
the
null
running
efore th
to
e H
contr
eliop
ol
olis
a
a
new
ttranull
pr
tio
oject
n opens, the
new resort in Buyeo, in the country’s
planned
nullompan
for
y’s
Iskandar
nullnullth inte
Malaysia,
ranulltive nullin
it
em
has
a
been
will be
southern Chungcheong province. The
revealed.inaugurated in nullrannulle’s nullalygator parnull. This resort will be themed on the history and
nullAlida esperaAriffdos , wmanaging ill seat nullnulldirpeector ople aofnd benenullt culture of the Baekje Dynasty and will
Iskandar Investment Malaysia, told local include among its attractions a theme
reporters that the company was in park, golf course, villa, condominium, farm
negotiations
DUBA
with
I
several operators from village, as well as luxury clothing outlets.
the US, Europe and Australia to develop Construction is expected to begin in
three
Du
parks
bai
in
la
the
nd P
South
h
Johor
ase O
region.
ne fully co
2012.
She said Iskandar Malaysia would
mplete
probably have three theme parks and they
AMAZULU WORLD PLAN
would TnullTnullbe EEcomplementing Rnulloperated nullubaleach iand, other one of ratherthe world
DUBAI-based
’s largest tourism
real
, lei
estate
sure a
gr
nd
oup
ente
Ruwaad
rtainment
than
de
competing,
stinations, has
adding:
reanullhed
“If
full
we
nullha
sign
se On
the
e nullompletion
has
, fea
unveiled
turing nullve
plans
live at
to
tranull
develop
tions innulll
a
ud
multi-
ing nullubai
deal
nullu
within
todrom
the
e in
ne
nullo
xt
tor
12
nullity
months,
null ubai Ou
we
tlet null
can
all in Outle
billion
t nullitynullan
dollar
d nulluma
leisur
na Se
e
nullre
pr
t o
oject
f the
in
nulle
Africa,
sert at null
the
l
open
Sah
the
ra null
park
esert R
in
es
2012.”
ort.
largest of its kind on the continent.
TOK
null
Y
it
O
h ei
PLAN
ght million
DROPPED
visits last year, nullubailand has Amazulu benullome reWnoorld wned will for be dea livmixerined-useg a host of
attranulltions and venues, and the soonnull destination resort on the north coast of
THE Oriental Land Company, operator of
tonullbenullnullompleted nullniversal Studios
Durban, South Africa. Around 16,500
Tokyo Disney Resort in Japan, has dropped
nullubailand will be one of the nulley
hectares of land have been earmarked
plans to build an indoor entertainment
attranulltions at the resort.
for the project, which includes an
complex outside Tokyo. The project had
Tawteer has also signed strateginull
‘internationally branded’ theme park,
initially been intended to create a Disney-
Africa’s largest shopping complex, a
style allileisurannulles e, wshopping ith some oand f thdining e worldfacility’s
sports village, hotels and resorts, as
to open
legenda
in
ry
2010,
enter
though
tainment
plans
bran
have
ds null
been
well as a health and education village.
shelved
innulllud
in
ing
the
nulla
curr
rvel,
ent
nullre
economic
amwornulls
climate.
and
It
The project is set to be built in phases
is hoped
Six anull gs
the
nullto d
pr
e
oject
sign an
may
d bu
yet
ild m
be
ore
revived at
over 25 years, Ruwaad said.
a later
world
date
nullnulllass
in a
th
mor
eme
e pr
pa
ofitable
rnulls at
format.
the
destination.
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