Dubai Parks and Resorts expansion
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Construction progress:

Through its wholly-owned local subsidiary Six Construct, Dessoy said Besix had picked up a AED250-300mn ($68mn-$81mn) contract to build a LEGOLAND at the Dubai Parks & Resorts project in Jebel Ali that is being developed by Meraas. The project is being managed by Samsung.

“The project has started already,” he said. “Mobilisation was started a month ago and the work is due to complete in two years’ time. We have about 500 people mobilised on this project.”

Source:
http://www.constructionweekonline.com/article-29989-besix-bags-trio-of-uae-projects/

Read this! They don't have the money yet to actually complete the three theme parks they have started building:

Meraas Holding (...) is said to be planning an initial public offering of its theme park division before the end of the year.

The sale of up to 40 per cent of, Dubai Parks & Resorts, expected to reap at least Dh2.5 billion, will be used to fund the development, including a Legoland, a Hollywood amusement resort and the first Bollywood movie theme park.

The company’s plan to sell shares to the public comes as Dubai’s main stock index more than doubled in the past year-and-a-half amid a recovery of the country’s economy.

Source: TheNational Abu Dhabi
http://www.thenational.ae/business/markets/meraas-plans-ipo-of-theme-parks-unit-to-fund-dubai-entertainment-complex-construction

Hill wins contract for $2.7bn Dubai Parks & Resorts project

http://www.arabianbusiness.com/hill-wins-contract-for-2-7bn-dubai-parks-resorts-project-564180.html

http://gulfnews.com/business/property/uae/dubai-lays-the-foundations-for-mega-theme-parks-1.1382081

Three theme parks — including one where inspiration will be drawn from India’s Bollywood — will make up the first phase of the Dubai Parks & Resorts master-development in Jebel Ali. For the younger generation (between two to 12 years), there will be the Middle East’s first Legoland park, which is also the seventh worldwide. The third component comes in the form of Motiongate Dubai, where future visitors can get up close and personal with the Hollywood dream factory, through rides that can take them through four unique zones.

Motiongate may be the "DreamWorks" theme park.

https://www.bncnetwork.net/Project/Motion_Gate_Theme_Park_-_Dubai_Adventure_Studios/qFgXnNwRkqM=

Great news! Finally an official news release clarifying which parks are under construction right now (Legoland, Bollywood, Motion Gate):

The first phase of Dubai Parks & Resorts will comprise three theme parks: Motiongate Dubai, Bollywood Parks Dubai, and LEGOLAND Dubai. The development will also feature Riverpark – a grand entrance plaza and Lapita, a family themed hotel. The first phase is scheduled for completion in 2016. Ground work commenced on site in February 2014.

Sources: APCO Worlwide, Meraas Holding

Meraas Holding is in talks with banks to raise up to $4 billion to build
mega-projects. Raise cash before construction began on the projects.
Hope they get the funding for some amazing projects in the works!
Stay tuned...

Hang on... Park 1... perhaps this is really a secret small Disney Park in the making?!

Recent Google Maps satellite pics. Gotta find out which park is which!!




Park 1:


Park 2:


Park 3:


Park 4:


Lagoon: