A stunning new theme park is expected to be built on the outskirts of London.
DMZ takes a closer look at the huge development, which is being created by the film company Paramount at a cost of around £3.5 billion.
The theme park is being dubbed as the UK’s answer to Disneyland and is expected to be just as large when completed, adding approximately 27,000 jobs to the local area of Swanscombe, Kent.
Attractions are set to be inspired by hit Paramount films such as The Godfather and Titanic. There are also rumours that the BBC, British film institute and Aardman Animations of Wallace and Gromit fame have all shown interest in being involved in the project.
The resort itself will be vast; spread across a sprawling 825 acre site it’s expected to attract 40,000 visitors a day with more than 50 rides, with prices starting from £57 per person for a day ticket.
Working alongside Paramount on the development are the London Resort Company Holdings (LRCH) and its parent Kuwaiti European Holding Group (KEH).
Taking inspiration from American theme parks, there will be a daily afternoon parade which will celebrate Paramount’s 100 years of glamourous Hollywood success.
Visitors will also be treated to an indoor water park, a cinema and event space in addition to a hotel, nightclub and a high spec 2,000 seater theatre thats set to hold live shows and musicals.
The plan will be formally considered this year when a development consent order is submitted, if a green is given by all parties it’s claimed the development has potential to provide huge financial rewards for the Kuwaiti backers.
Humphrey Percy, CEO of London Resort Company Holdings, appears supremely confident that the plans will be approved, “We have the financial backing to take us all the way through that process. We’re working with world class theme park design companies to make sure that we have a real attraction…I’m talking about companies that have their headquarters in California and support the major film studios and attractions across the world.”
Privately educated ex-city broker Percy has strong connections with the Gulf region, founding the Sharia’a compliant ‘Bank of London and The Middle East‘ in 2006.
Percy has lofty ambitions for the parks earnings potential, “Our catchment area means there are 41 million people within four hours and we’re targeting them but not just once, we want them to come again and again.”
He could be right – the sheer size of the resort will be immense, making it impossible to see it all in one day, leaving plenty for visitors to return to.
DMZ thinks the theme park plans are ambitious and will be spectacular once completed. It’s sure to attract waves of UK families and tourists alike – a lucrative draw to the Kuwaiti backers of the development.
This recent development is yet another post-Brexit seal of approval for the Capital. Alongside institutional Chinese investors, Kuwaiti’s appear to be doubling down on their UK investments and not just in real estate.
In a joint venture with a Canadian pension fund, the infrastructure investment arm of the Kuwaiti Investment Authority (KIA) purchased a whopping 26% of Thames Water this month. No financial details of the deal were disclosed, but DealMakerz suspects the total stake would have been in the region of £1-£1.5 Billion. That may seem like a large investment, but to put it into perspective the KIA have around £600 Billion to play with; expect to see more UK developments from our friends in the Gulf in 2017.