NUSAJAYA: US-based theme park operator Six Flags Entertainment Corp is planning to invest between RM1.2bil and RM1.5bil to set up a theme park in Iskandar Malaysia.

Sources told StarBiz that the theme park, which will be double the size of Legoland Malaysia and the company's first theme park in Asia, would offer more than 40 rides.

According to Wikipedia, Six Flags Entertainment is the world's largest amusement part corporation based on quantity of properties and the fifth most popular in terms of attendance.

The company maintains 19 properties throughout North America consisting of theme parks, thrills parks, water theme parks and family entertainment centres.

Iskandar Invesment Bhd (IIB) president and chief executive officer Datuk Syed Mohamed Syed Ibrahim, who spoke about Iskander Malaysia getting a theme park, which will be third in Iskandar Malaysia, said an announcement would be made by an investor within the next six months on the matter.

The other two theme parks are Legoland Malaysia and Puteri Harbour Family Theme Park.

“The new theme park caters to young adults unlike the existing two parks which are for children,'' he told reporters yesterday after the ground-breaking ceremony of the RM250mil Raffles American School campus on an 18.21ha site at EduCity, offering pre-kindergarten to 12th grade education.

He declined to give more details when asked on the new theme park and its attractions, including whether it would be a water-theme park.

Syed Mohamed said the opening of Legoland Malaysia and Puteri Harbour Theme Park last year had created a new level of confidence among domestic and foreign investors that Iskandar Malaysia was moving in the right direction.

“Different theme parks cater to different segments of visitors and this will be better than just having one park in our development,'' he added.

The US$200mil Legoland Malaysia on a 23ha site, which is a joint venture between Merlin Entertainment Groups and IIB, is the first Legoland park in Asia.

Other Legoland theme parks across the world are situated in Denmark, the UK, Germany and in Florida and California.

• 
• 
• 

More News Business Headlines      Google, like Facebook, in talks to buy Waze for about US$1bil      Crown selling entire 10% in rival Echo, partly owned by Genting      First edition of 'Great Gatsby' to be sold at auction, can fetch US$150,000      Malaysia leads the way in Basel III debt      Markets face rough summer ride as Fed pullback feared      Wall Street sags, HP hits 52-week high      Commodities trader sues BP, Shell others for alleged oil price fixing      Billionaire Icahn seeks up to US$7bil for Dell bid      Google faces new federal antitrust probe      Goldman Sachs unveils checks on conflicts in bid to fix tarnished image      Air Asia's Tony Fernandes to ‘fire up’ investors      Maybank bullish on growth, to expand regionally under new leadership      Khazanah appoints Nor Mohamed deputy chairman      Lafarge Malayan Cement to finalise next expansion plans by August      Daibochi expanding exports to S-E Asia and Australia      TDM to expand plantation and hospital ops      FBM KLCI declines on selling pressure in key regional markets      UMW Rig Asset acquires new jack-up drilling rig             ECM Libra aims to exit PN17 soon      RAM reaffirms rating on Tanjung Bin sukuk      RM705mil vessel job for Perdana Petroleum      UOA REIT bullish on assets      China Railway Corp sells US$3.26bil of debt      IHH first-quarter profit improves on higher revenue      YTL posts lower earnings for Q3, but nine-month profit rises 10.6%      MISC turns around in Q1      Petronas Dagangan quarterly earnings down 3.7%      MRCB first-quarter net profit falls on lower revenue      Daiman Q3 profit doubles to RM31mil      Lower profit for Unico-Desa, hit by depressed CPO prices      KUB in JV with Singapore firm on multi-billion ringgit Petronas Rapid Tank Project      Danajamin names non-exec director      Axiata declines to confirm or deny that it is bidding for Indonesian telco      Singapore GDP growth surprises, beats economists’ forecast of contraction      US stimulus pullback hinges on traction signs, decision could come at one of ‘next few meetings’      IMF chief in court for French arbitration case      Firm settles US SEC charges over data breach      Australia's Crown sells $255mil stake in rival Echo      Draghi says euro zone more stable, "needs a more European UK"      Sears losses mount, weighs sale of unit to shore up liquidity      Former Goldman banker settles SEC 'pay-to-play' charges      What does Lockheed's F-35 fighter jet really cost?      NYSE says AEP, NextEra trades stand after crash at open  Go

• Copies of Opposition tabloids seized for violating permit
• Rally organisers told to adhere to Act or face the music
• Three held over May 13 statements
• Umno leaders back police action against those who utter seditious remarks
• KL car number plates to bear ‘W1A’
• Thousands throng thanksgiving rally by DAP
• Set aside differences, Malaysians told
• Fernandes does his first firing in Apprentice Asia
• Adam pleads not guilty to giving seditious speech
• Large migrant population a security risk to Sabah, RCI told
• Arrest of Opposition figures not political, say cops
• Pakatan uncowed by seizure of party organs
• NUJ slams attacks on journalists covering vigils
• MACC starts probe into payment in rape-marry case
• PKR condemns arrest of trio

• Strong quake strikes off Tonga
• Jury fails to decide on US murderer death sentence
• One killed in Brazil giant fuel depot blaze

• Kingston leads, McIlroy in Wentworth woe
• LPGA plans 12-hole rounds in water-logged Bahamas
• Ryan Palmer sizzles with 62 to seize lead at Colonial
• Kelly overcomes scare to clinch title in KLGCC
• Time to make amends Garcia wants to meet Woods to defuse racist row
• American Johnson back to defend Colonial crown
• Rain dampens debut of LPGA Bahamas event
• Tianlang adds another US event to schedule
• Clock ticking for next golden generation
• Nadal wants to create history at Roland Garros
• Serena out to tame French Open demons
• Zheng Jie stuns Wozniacki in Brussels
• Ashour racks up 38th successive win
• Nicol David sails into quarter-finals of British Open in 35 minutes
• BAM must stop rewarding mediocrity or be doomed

• Please wait.

• Singapore GDP growth surprises, beats economists’ forecast of contraction
• Malaysia leads the way in Basel III debt
• Lower profit for Unico-Desa, hit by depressed CPO prices
• TDM to expand plantation and hospital ops
• Lafarge Malayan Cement to finalise next expansion plans by August
• Daibochi expanding exports to S-E Asia and Australia
• Google faces new federal antitrust probe
• Danajamin names non-exec director
• Google, like Facebook, in talks to buy Waze for about US$1bil
• NYSE says AEP, NextEra trades stand after crash at open

Copyright © 1995-2013 Star Publications (M) Bhd (Co No 10894-D) - Investor Relations