Ferrari World invests AED 700 million in new rides

Monday, 23 January 2017 08:21

The company behind Ferrari World is investing AED 700 million in new rides and attractions. Miral Asset Management says the investment will support the park’s growth plans. The new rollercoaster ride - Turbo Track - is set to open on March 27. The ride’s tack is 180 metres and it will travel at speed of around 102 km/hr. Three other rides are set to open this year, one's a simulation drive, another a rollercoaster, and the third one's closely guarded secret. Ferrari World will have 39 attractions by the end of the year. Competition in the UAE’s leisure park sector is increasing, with two new parks launching in Dubai last year.

More from Business

Meta delays release of Phoenix mixed-reality glasses to 2027, say reports

Meta is delaying the release of its Phoenix mixed-reality glasses until 2027, aiming to get the details right, Business Insider reported on Friday, citing an internal memo.
IndiGo's third day of mass flight cancellations throws Indian airports into disarray

Thousands of IndiGo passengers were stranded by flight cancellations on Thursday - a third day of chaos after the country's biggest airline did not make sufficient changes to its roster planning ahead of new government regulations.
UAE President receives Amazon founder Jeff Bezos

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Amazon's Founder and Executive Chairman, Jeff Bezos, in Abu Dhabi.
Saudi Arabia forecasts deficit of $44 billion in 2026 budget

Saudi Arabia approved the kingdom's budget for 2026 with an estimated deficit of 165 billion riyals ($44 billion), the Saudi state news agency reported on Tuesday.