The project broke ground July 27, 2008, but the global financial crisis at the time
prompted the developers to announce that they would delay further
development, and push back the opening until at least the first quarter
of 2012.
However, no construction work on the project site has been reported
since at least early 2009. As of mid-2012, the only public evidence of
the project is a gate bearing the Universal Studios logo.
The identity of the Dubai joint venture partner is no longer clear, as Tatweer was dissolved in mid-2010, with most of its assets merged into TECOM or other members of Dubai Holdings.
In April 2011, Universal was once again in talks with Dubai officials about finishing the Universal park. However, as of late 2012, there had still not been any construction progress on the proposed site.
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The identity of the Dubai joint venture partner is no longer clear, as Tatweer was dissolved in mid-2010, with most of its assets merged into TECOM or other members of Dubai Holdings.
In April 2011, Universal was once again in talks with Dubai officials about finishing the Universal park. However, as of late 2012, there had still not been any construction progress on the proposed site.
For More Info Click Here!
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