Tatweer and Six Flags Announce Strategic Alliance to Develop Thrill Theme Parks in the Arab World and Beyond



    - Dubailand(R) to Host First Six Flags Theme Park Outside of North
    America

    DUBAI, United Arab Emirates, March 4 /CNW/ - Tatweer, a member of Dubai
Holding, announced today a strategic alliance with US-based Six Flags Inc.
(NYSE:   SIX), the world's largest theme park company, to develop thrill-driven
theme parks across the Arab world.

    (Photo: http://www.newscom.com/cgi-bin/prnh/20080304/295894)

    The highlight of the strategic alliance will be the development of Six
Flags Dubailand(R), a five million square feet multi-billion dirham theme park
within the world's largest tourism, leisure and entertainment destination.
    The first Six Flags project to be developed outside of North America, the
theme park comes as part of Tatweer's tactical contribution to Dubai Strategic
Plan 2015, which aims to develop the emirate into a leading global hub for
tourism and leisure.
    Featuring its signature line-up of thrill and themed adventure rides and
attractions, Six Flags Dubailand(R) will boast world renowned entertainment
franchises such as the children's musical group Wiggles and professional
skateboarder Tony Hawk. The park's unique components will complement Six
Flags' award-winning productions and original programming, such as Operation
Spygirl, the 'Big E' Entertainment Award recipient at the 2007 IAPAA Trade
Show and Convention.
    Tatweer and Six Flags Dubailand(R) also will work together to integrate
their expertise to create new concepts across the region, such as Six Flags
theme parks, branded restaurants, hotels and retail outlets that will
holistically offer unique travel and vacation opportunities for tourists,
families and visitors worldwide.
    For the theme park project, Six Flags will conceptualize and oversee the
master plan based on its history in that arena, which includes the
development, ownership and management of 21 parks across North America.
Groundbreaking is expected in 2009. Additionally, the Six Flags corporate
alliance division will represent Dubailand for international corporate
sponsorship opportunities.
    Saeed Al Muntafiq, Executive Chairman of Tatweer, said: "The addition of
Six Flags, one of the world's most reputed leisure and entertainment
companies, to our burgeoning portfolio complements Dubailand's(R) value
proposition as an unrivalled tourism destination. It is a privilege for
Tatweer to be selected by Six Flags as its regional partner and Dubailand(R)
as the destination to host the first Six Flags theme park outside of North
America."
    Six Flags Dubailand(R) will join the elite repertoire of Tatweer-owned
world class projects at Dubailand(R) destination such as BAWADI(R), The Tiger
Woods Dubai, Universal Studios Dubailand(R), DreamWorks Animation Park, Hit
Entertainment and Global Village.
    Al Muntafiq added: "The new alliance with yet another global leisure and
entertainment leader such as Six Flags consolidates Tatweer's commitment to
becoming a leading global tourism, leisure and entertainment investor, and a
key contributor to the tourism objectives of Dubai Strategic Plan 2015."
    Mark Shapiro, President and CEO of Six Flags, said: "This is a historic
day for our company. Expanding Six Flags beyond our current North American
borders validates the growing strength and momentum of our brand. Through this
partnership with Tatweer, we now have the opportunity to create a world-class
theme park destination that will allow guests from around the globe to
experience Six Flags' unique combination of thrills and entertainment."
    The three billion sq feet Dubailand(R), a member of Tatweer, comprises
projects that include DreamWorks Animation Park, Universal Studios
Dubailand(R), BAWADI(R), Global Village, and projects that are under advanced
stages of development including Dubai Sports City, Motor City, Falcon City,
Dubai Heritage Vision, and Al Barari. The Polo and Equestrian Club and City of
Arabia are currently in the initial stages of infrastructure work.

    About Six Flags, Inc:

    Six Flags, Inc. is the world's largest regional theme park company with
21 parks across the United States, Mexico and Canada. Founded in 1961, Six
Flags has provided world class entertainment for millions of families with
cutting edge, record-shattering roller coasters and appointment programming
with events like the popular Thursday and Sunday Night Concert Series. Now 47 
years strong, Six Flags is recognized as the preeminent thrill innovator while
reaching to all demographics - families, teens, tweens and thrill seekers
alike - with themed attractions based on the Looney Tunes characters, the
Justice League of America, skateboarding legend Tony Hawk, The Wiggles and
Thomas the Tank Engine. Six Flags, Inc. is a publicly-traded corporation
(NYSE:  SIX) headquartered in New York City.

    About Dubailand(R)

    Dubailand(R), a member of Tatweer, is the world's most ambitious tourism,
leisure and entertainment project, catering to the needs of the entire family.
The unique 3 billion sq. ft. development has been designed to catalyze the
position of Dubai as an international hub of family tourism, appealing to
tourist segments across genders, age group, world regions and activity
preferences. Dubailand(R) is projected to attract millions of tourists
annually from around the world.
    The diverse projects under Dubailand(R) include theme parks, eco-tourism
projects, shopping malls, restaurants and residential units that are being
developed by UAE, GCC and international investors.
    A product of extraordinary vision, Dubailand(R) will be an attractive
place to 'live, work and play' for the emirate's growing population, both as a
leisure destination and an appropriate setting for business and entertainment
development.

    About Tatweer:

    Launched in December 2005, Tatweer is one of the region's most dynamic
enterprises and a member of Dubai Holding. Comprising 10 market-leading
brands, it oversees an ambitious business development plan. Its current
portfolio is divided into Energy & Healthcare, Tourism & Entertainment, and
Industry & Real Estate offerings. Its entities include Dubai Healthcare City,
the region's hub for world-class quality healthcare services; Mizin, one of
the most advanced real estate companies in the region; Universal City
Dubailand(R), the 22 million sq ft development, featuring Universal Studios
Dubailand as its centerpiece; 'The Tiger Woods - Dubai', an exclusive golf
community that will include the first ever Tiger Woods designed golf course;
Dubailand(R), one of the biggest leisure, entertainment and tourism
destinations in the Middle East; Dubai Industrial City, an industrial township
to develop Dubai as a leading manufacturing hub; BAWADI(R), the world's
leading hospitality and entertainment project hosting 51 luxury hotels and
more than 60,000 hotel rooms; Dubai Energy, investing in regional and global
energy opportunities and building a diversified investment portfolio; Dubai
Mercantile Exchange, the first energy futures exchange in the Middle East set
up in partnership with the New York Mercantile Exchange and Global Village, a
premier family destination for culture, entertainment, cuisine and commerce.
    Tatweer's entities continue to consolidate a group of life-improving
industries in addition to pioneering joint venture initiatives with leading
global conglomerates. They continuously strive for world-class performance,
while implementing leadership development to drive and sustain business
excellence, quality and high performance.





For further information:

For further information: Sandra Daniels, Six Flags Inc., (212) 652-9360,
(972) 595-5178, Email: sdaniels@sftp.com; Agency: Aseel Nihad, Senior Account
Executive, Jiwin the Public Relations Arm Of Dubai Press Club, Phone:
+971-4-3613584, Email: aseel.nihad@Jiwin.ae

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