China Evergrande Group has announced that it plans to build 15 Children’s World theme parks in second-tier cities across China.
Construction is planned between 2019 and 2022, reports Quartz Media.
The theme parks are expected to attract more than 15 million visitors and generate around $3 billion in revenue per annum.
The news is an update on an announcement earlier in the year of the development of several $7 billion theme parks. Evergrande seems to be planning to take on Shanghai Disneyland, stating that the Children’s World theme parks will be 1.5 times the size of their rival. Each indoor Children’s World theme park will feature 33 large-scale rides themed around characters from Chinese and Western mythologies.
Evergrande names Ideattack, ITEC, Sanderson, Vekoma, Zamperla and HUSS as suppliers for the projects.
Evergrande is China’s largest property developer (ranked by sales) but is reported to be highly leveraged.