Published on : Thursday, March 2, 2017
These parks are enlisted with the New York Stock Exchange.
They have actually signed an agreement with the Riverside Investment with an aim to create a theme park and also a water park in Bishan that in close to Chongqing. The pair of theme parks are scheduled to be opened to the masses by the year 2020.
These two companies are presently creating a theme park that would have a theme of Six Flags and water park in Haiyan that would be based on the province of Zhejiang near Shanghai. These parks would be equipped with water attractions, live shows and roller coasters and would be opened in 2019.
The amount that would be invested for the construction of these theme parks has not been disclosed yet.
China that has developed into a booming tourism industry has become quite appealing as a magnet for foreign theme park groups. The country has already operated a Disneyland park in Hong Kong for a decade. Walt Disney has opened its very first mainland China in eastern Shanghai. Also, Universal Parks & Resorts have started the construction of a theme park that is slated to open in Beijing.
Merlin of U.K. has also entered into a partnership with China Media Capital to build parks in China.
Currently, Six Flags operate 18 parks across the U.S., Canada and Mexico with a combined annual revenue of nearly $1.3 billion. Riverside that was set up in 1993, has expanded from garden communities to a range of advertising, media, real estate, tourism and finance.