China-Africa: Huaqiang Holdings to build theme park in South Africa
May. (China Knowledge) - Shenzhen Huaqiang Holdings Ltd, parent of Shenzhen Huaqiang Industry Co Ltd<000062>, plans to build a theme park in Johannesburg, South Africa, sources reported.
Huaqiang Holdings signed the contract with the China Development Bank, China-Africa Development Fund (CAD Fund) and South Africa-based Industrial Development Corporation at the China (Shenzhen) International Cultural Industries Fair.
The theme park, namely Fantawild Adventure, will cover a land area of 770,000 square meters in Johannesburg. It will consist of three zones, which are distinguished by Chinese culture, African culture and global culture. The total investment is expected to be up to RMB 250 million.
Liang Guangwei, president of Huaqiang Holdings, said construction of the theme park would begin at the end of 2009.
The park is estimated to be completed in three years and will attract around 2 million visitors each year.
Huaqiang Holdings built its first theme park in Chongqing in 2006, which proved to be a huge success.
Tags: South Africa