Dubai-based theme parks operator DXB Entertainments said on February 6 that the Six Flags theme park project in Dubai had been put on hold as a syndicated finance facility is no longer available, Invest-Gate reports.

The decision came after the company’s board in August 2018 mandated a strategic review of its future development plans and capital deployment, including the development of Six Flags Dubai, according to a recent bourse statement.

“In the intervening period, actions, including formal notification by Six Flags, resulted in funders’ concerns being raised in relation to the revised projections for the Six Flags Dubai project,” read the statement.

As a result, the syndicated finance facility intended for funding part of the development of the park is no longer available, the company added.