Chinese company invested 3.2 billion pounds in London theme park
Source: Theme Park | Time: April 4, 2019
On October 21, 2018, China Zhongfu Group announced that it will invest 3.2 billion pounds to participate in the development of the London Paramount Entertainment Resort project. This is another major project after Zhongfu announced that it will invest 250 million pounds to build a UK Cornish resort project and invest 2 billion pounds to build a British biomass power station.
It is understood that the project began construction in 2017 and is scheduled to be completed in 2021. Covering an area of 872 acres (approximately 3.53 million square meters), the theme park project is located on the banks of the River Thames in Kent, East London, close to the London Outer Ring Road M25 and will create 27,000 jobs locally. At the same time, the project also signed a landmark cooperation agreement with BBC Universal: the park will set up rides designed according to BBC programs, such as Doctor Who and Top Gear. After the project is completed, it is expected to attract 15 million tourists to visit.
In addition to the theme park, festival facilities, hotels and other supporting facilities will be built.