Galactica Theme Park for Moscow
Orlando-based amusement park operator Universal Parks & Resorts has announced its intentions to invest US$2.8 billion (£1.7 billion) in a theme park in Moscow, Russia.
The 37-acre Galactica theme park will include two hotels and a 20,000-person-capacity arena, and would mark Universal’s European debut. The opening date is yet to be announced.
The US$2.5 billion (£1.5 billion) Magic World Russia theme park, owned by California’s Moschanko Investment Group, is also under development in Moscow’s suburbs. The park is set to open in 2016.
As Michael Silver, Universal’s president of global business development, told the US newspaper Orlando Sentinel: “Russia is an important and attractive market, and we see significant potential for the kind of themed entertainment experience we offer.”
Other growth regions for theme park development are the Middle East and Asia, discussed in Stylus’ Thrills, Spills and Dollar Bills report.