Ferrari World Abu Dhabi is to terminate the positions of 100 employees and reduce its opening hours, as it moves into its second year of operations.
The National reports that the park will now open from 11am until 8pm every day except Mondays, when it will be closed. It had previously operated from noon until 10pm on Sundays, Tuesdays and Wednesdays, and from noon until midnight on Thursdays, Fridays and Saturdays. However, Ferrari World's operators claim that guests have shown a preference for visiting during the afternoon and early evening.
In addition to laying off staff due to the reduced opening hours, Ferrari World will also close one of its six restaurants. Staff also face having their pay and benefits cut as management look to reduce costs.
Ferrari World Abu Dhabi opened on November 4, 2010, becoming the world's largest indoor theme park. The majority of the Formula One-themed park is hosted in a huge building, which spans 200,000 square meters and is designed to resemble the side profile of the Ferrari GT body.
The park is home to 20 attractions, including the world's fastest rollercoaster - Formula Rossa. Featuring a launch section that propels riders to speeds of up to 149 miles per hour, the coaster is designed to evoke the experience of driving in a Grand Prix.
Ferrari World's developer, Aldar Properties, sold it to the Abu Dhabi government just three months after it opened. The commercial and residential property firm was forced to offload Ferrari World in order to reduce its debts.