Operator DXB Entertainments said in a statement that the project was no longer in the company’s best interests…

Famous American theme park Six Flags is no longer going to be opening in Dubai, developer DXB Entertainments has confirmed.

The theme park was set to be home to six rollercoasters, four aerial attractions, a 340-metre long rapids ride, and three performance spaces, as well as the world’s biggest rollercoaster, according to the announcement in 2016.

The theme park mega complex was expected to open next to Dubai Parks and Resorts, but has been cancelled after the developer – who also operates Dubai Parks and Resorts – shared in a statement that it was no longer in the best interests of the company or shareholders.

“Proceeding with the development and establishment of the Six Flags theme park is not in the best interest of the company or its shareholders”, the statement on Thursday read, reports Gulf Business.

“Hence it has been resolved not to continue with the project” the statement continued.

ALSO READ: 8 epic Dubai projects we can’t wait to hear more about

But Dubai has no shortage of theme parks. The sprawling Dubai Parks and Resorts theme park mega-complex is already home to three theme parks, a water park and Polynesian-themed hotel, Lapita.

While IMG World of Adventure, found next to Global Village, boasts the title of the world’s largest indoor theme park.

We’ve got plenty of attractions still to come in Dubai too.

Later this year, the seven-storey Mohammed Bin Rashid Library will open its doors, while in 2020, we can look forward to the opening of Dubai’s Museum of the Future and waxwork museum Madame Tussauds on Bluewaters.

— For the best of Dubai straight to your inbox, sign up for our newsletter.