Dubai: SG Holdings, a leading regional investment and development group, has unveiled the Dh2.29 billion Western City mixed-use project and theme park at Dubailand.
The project, announced yesterday is part of a Dh7 billion development outlay by the group.
Western City is a 7 million square foot development with a built-up area of 1.982 million square feet with the rest of the land earmarked for a Wild West-themed game park that features a rodeo, lakes, railway lines, an amphitheatre, stables and an extensive land-spread for horse riding.
The mixed-use integrated development will also have 150 high-end residential villas and two luxury hotels offering 600 rooms. Commercial and community areas will also be developed.
"Western City is the first property development launched after the formation of SG Holdings," said Abdullah Ali Al Suwadani, chairman and president, SG Holdings. "It complements our other projects in the UAE - the SG5 Towers, launched earlier in Dubailand, and other project to be announced soon."
"As the largest entertainment destination in the Middle East, Dubailand will encourage tourism inflow to Dubai. Western City will leverage on this growth momentum, while adding value to the Dubailand project by offering an unparalleled theme park experience," he added.
Jalal Khawaldh, CEO and director, SG Holdings and SG Programme Management, said: "Unlike any theme parks launched in Dubai, Western City is bringing in a theme that is close to the equestrian loving tradition of Arabia. Horse riding and equestrian events, which form the core of Western City theme, enjoy mass appeal in this region. We are adding value to the pastime by integrating world-class residential, hospitality and commercial facilities within the project."
SG Holdings is joining hands with leading international hotel chains and theme park operators on Western City, which is located on the Al Bawadi Strip of Dubailand. "The residences at Western City are available on 100 per cent freehold and the theme park is copy-righted making the project an exclusive address in the region," added Jalal.
SG Holdings expects revenues of over Dh10 billion from Western City within a decade of which Dh7 billion will be ploughed back to sustain the growth of the project.
