IMG Worlds of Adventure
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Rumors are that the project has some issues.

http://www.imgaladari.ae/index.php?option=com_content&view=article&id=45:cn-coa&catid=34:news

The new PR Release for the IMG-TP.

Released today:

Dubai: Ilyas & Mustafa Galadari Group (IMG Group) in partnership with Turner CN Enterprises is bringing a dedicated Cartoon Network Zone to the IMG Theme Park in Dubai. IMG Group’s collaboration with Turner CN Enterprises will deliver a number of world firsts for both companies and fans, including the world’s first themed attractions such as the Amazing World of Gumball, Adventure Time, and LazyTown. The IMG Theme Park will also feature the world’s largest Ben 10 retail store and the first ever Ben 10 5D ride, along with branded restaurants and other branded immersive experiences across the 200,000 sq. feet utopia. ?The overall facility for the themed entertainment destination will be in excess of 1.2 million sq. feet in its first stage and will be the largest temperature controlled indoor entertainment destination in the world. It is designed to attract 10,000 plus visitors per day.

Source:
http://gulfnews.com/business/investment/cartoon-network-to-launch-at-img-theme-park-in-dubai-1.1151302

The park is part of a 1.2million sqr feet Entertainment Facility.
Currently Marvel Adventures will be estimated as 35.000 sqr meters with 21 rides and attractions as well as plenty of merchandising and common areas

Currently opening date postponed until 1st Q 2014

I'd say this picture is proof that something's happening:

Today I went to the site and didn't find much apart from a couple of cranes, a few workers and some holes in between. It looks like that they are starting something but not sure ...

Disney, for its part, is taking an arms-length approach to the project. The corporate parent of Marvel has gone to great lengths to make clear that the Dubai project is strictly a licensing agreement not involving Disney theme parks or Walt Disney Imagineering, the creative arm of the company. To that end, Marvel issued a statement that read in part: "The Marvel entertainment destination is not a theme park, it is a family entertainment center."

Marvel Adventure was designed by Los Angeles-based Rethink Attractions for Dubai-based IMG Group as part of a larger 27-acre project dubbed IMG Theme Park. Disney CEO Bob Iger said in March that Imagineering artists were working on preliminary designs and attraction concepts involving Marvel characters intended for Disney theme parks "in a few places around the world."

Source:
http://articles.latimes.com/2012/jun/27/news/la-trb-disney-marvel-adventure-dubai-06201227

Does Disney know that their characters are being used in a Dubai theme park? What is their cut? And are they the deep pockets that get sued when someone gets hurt in that park?