A Bahrain-based investment bank yesterday announced plans for a $3.8 billion project to create a vast entertainment park in Dubai that it hopes will attract millions of tourists a year. The Gulf Finance House said the Legends-Dubailand park, comprising an area of 24.7 million feet (2.3 million square meters), would include three theme parks, a leisure complex, a golf course, residential homes and offices. Work is set to begin on the complex in March 2005 and should be completed by 2007, when the first of the theme parks, Legends of Arabia, is due to open. The scheme is part of Dubailand, a multi-billion-dollar project in the emirate covering two billion square feet (185 million square meter) that is open to foreign investors, according to a press statement published today.
