Empire Industries’ subsidiary Dynamic Attractions has signed an agreement with Altair (Shanghai) Space Technology to design, develop, co-own and operate a CAD600M ($465M) theme park in Hangzhou, China.


The theme park — named Space Park — will be developed on a site, which is currently owned by the Hangzhou Zhijiang National Tourist Resort, a government-owned organisation.

Altair has signed a separate investment framework agreement with the Hangzhou Zhijiang National Tourist Resort to acquire the site — 19.3ha of land — by the end of 2016.

Empire Industries’ executive chairman and CEO Guy Nelson said: “Dynamic Attractions has over two decades of experience delivering some of the most popular rides for the world’s top theme parks, thus providing the solid foundation for Space Park to succeed.

“The appetite for world-class attractions by the rapidly growing middle class in China, will be uniquely delivered by Space Park with a distinct themed environment and entertainment attraction offering.”

Space Park is expected to open in late 2020.