Llewellyn Werner admits he is facing obstacles most amusement park developers never have to deal with – insurgent attacks and looting.
When you are building an amusement park in downtown Baghdad, those risks come with the territory.
Mr Werner, chairman of C3, a Los Angeles-based holding company for private equity firms, is pouring millions of dollars into developing the Baghdad Zoo and Entertainment Experience, a massive American-style amusement park that will feature a skateboard park, rides, a concert theatre and a museum. It is being designed by the firm that developed Disneyland. “The people need this kind of positive influence. It’s going to have a huge psychological impact,” Mr Werner said.
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But Mr Werner, whose company manages several hundred million dollars of equity, sees Iraq as a great opportunity. “Iraq to me is an open field. I have never in my life seen an opportunity with the potential that Iraq has with its skilled workforce and oil reserves.” He has begun partnerships with several Iraqi factories in the last year, investing tens of millions of dollars in joint ventures. But the Baghdad Zoo and Entertainment Experience could prove the most ambitious. General David Petraeus, head of US forces, is said to be a “big supporter” of the project, according to Mr Brinkley.
“There are all sorts of investment opportunities all over Iraq. But it’s not just hydrocarbons. Half the Iraqi population is under the age of 15. These kids really need something to do,” Mr Brinkley said.
http://www.timesonline.co.uk/tol/news/world/iraq/article3802051.eceSeems death and opportunity go hand in hand with investment.
Maybe a WaterBoard Park?