Dubai's IMG explores options for largest indoor theme park

Photo: Pixabay

The owner of the world’s largest indoor theme park in Dubai is exploring options for the business, including a possible sale, according to people familiar with the matter.

Ilyas & Mustafa Galadari Group, known as IMG, is considering selling part or all of its IMG Worlds of Adventure theme park after struggling to restructure a 1.2 billion-dirham ($327 million) loan, the people said, asking not to be identified because the plans are private. Discussions are at an early stage and the owners may decide to keep the business or consider an initial public offering at a later date, they said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter