Goldman Sachs leads financing effort for $1.15 billion theme park effort in Dubai

Posted | Contributed by Jeff

Goldman Sachs Group Inc. arranged a 4.2 billion-dirham ($1.15 billion) loan for Dubai Parks & Resorts to fund the development of a theme park in the emirate. Dubai Parks & Resorts, set up by government-owned developer Meraas Holding, is building a 10.5 billion-dirham theme park as part of the emirate’s plan to attract 20 million tourists a year by 2020. The Dubai Parks & Resorts project will include the Middle East’s first Legoland theme park, and two other parks based on Bollywood and Hollywood films.