Before Ferrari World or Dubailand, the UAE was already had
stakes in the entertainment business, after Dubai International Capital (DIC)
bought The Tussauds Group.
The famous chain of waxwork museums later merged with Merlin
Entertainments Group, giving Dubai interests in a host of UK attractions such
as The London Eye, Chessington World of Adventures, Alton Towers and Warwick
Castle.
During the financial downturn, DIC sold its stake to private
equity firm CVC Capital Partners.
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