Valencia government scuppers Ferrari World plans

16 November, 2012

Ferrari World theme park in Abu DhabiNov.16 (GMM) Negotiations to develop an Abu Dhabi-style Ferrari World theme park in Valencia in Spain have reportedly broken down.

EFE news agency reports that the Valencian government was unable to receive a guarantee that the privately-backed ‘Ferrari World’ would not require state money either now or in the future.

“It’s a good investment, a very interesting investment, but what we will not do is have it at a cost [to] the Valencian government or community,” said regional vice president Jose Ciscar.

“We are uncompromising on what must be the basis of the negotiations, which is that it must not cost Valencia a single euro,” he added.

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