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Adlabs plans new theme park for developing city of Amaravati
POSTED 01 Oct 2018 . BY Luke Cloherty
Adlabs Entertainment – owner of Adlabs Imagica in Khalapur – has announced plans to develop a major theme park project in the new city of Amaravati.

Amaravati – an under-development city which first had its foundations laid in 2015 and is currently being built across 217sq km (83sq mi) – will become the future state capital of Andhra Pradesh. As part of that development, Adlabs is planning a new theme park development, likely to be worth somewhere in the region of INR5.5bn (US$88m, €75.8m, £67.5m) based on previous similar plans from the operator.

Details on what the attraction will include have not been confirmed, though funding has been secured for the development, which will be a joint venture with local partner Riverbay Resort. Adlabs will have no direct equity investment in the project, which is based on a licensing agreement.

Adlabs owns two existing attractions, the Imagica theme park – opened in April 2013 – and Aquamagica waterpark, which opened in October 2014. The company also owns the Novotel Imagica Khopoli – a family hotel opened in 2015.
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NEWS
Adlabs plans new theme park for developing city of Amaravati
POSTED 01 Oct 2018 . BY Luke Cloherty
Adlabs Entertainment – owner of Adlabs Imagica in Khalapur – has announced plans to develop a major theme park project in the new city of Amaravati.

Amaravati – an under-development city which first had its foundations laid in 2015 and is currently being built across 217sq km (83sq mi) – will become the future state capital of Andhra Pradesh. As part of that development, Adlabs is planning a new theme park development, likely to be worth somewhere in the region of INR5.5bn (US$88m, €75.8m, £67.5m) based on previous similar plans from the operator.

Details on what the attraction will include have not been confirmed, though funding has been secured for the development, which will be a joint venture with local partner Riverbay Resort. Adlabs will have no direct equity investment in the project, which is based on a licensing agreement.

Adlabs owns two existing attractions, the Imagica theme park – opened in April 2013 – and Aquamagica waterpark, which opened in October 2014. The company also owns the Novotel Imagica Khopoli – a family hotel opened in 2015.
MORE NEWS
The Aon Center's new observatory will offer rare views of Chicago
The Hettema Group and architecture practice Solomon Cordwell Buenz (SCB) have been tapped to create a sky deck and visitor attraction at the Aon Center in Chicago, IL.
SeaWorld COO leaving company after 34 years
Following the conclusion of SeaWorld's search for a CEO, its chief operating officer, John Reilly, has announced he will be leaving the company at the end of this month following a 34-year tenure.
An undersea adventure: Snøhetta’s 'Under' welcomes its first diners
Under – an underwater restaurant and research facility that evokes the romance and wonder of Captain Nemo's Nautilus – has opened in Lindesnes, Norway.
Snarkitecture’s interactive Snark Park art space opens in New York’s Hudson Yards
A new interactive exhibition space, courtesy of US design studio Snarkitecture, has opened in the thriving Hudson Yards development in Manhattan, New York.
+ More news   
LATEST JOBS
Human Resource Manager
Eureka
Salary: Circa £32,000 per annum
Job location: Halifax, UK
Assistant Director Visitor and Site Operations
Eureka
Salary: Circa £42,000 per annum
Job location: Halifax, UK
Retail Manager
The Silverstone Experience
Salary: c £27,500 pa
Job location: Silverstone, Towcester, UK
Attraction Manager - Conwy
Welsh Water
Salary: £39,966 - £46,960
Job location: Conwy, UK
Attraction Manager - Powys
Welsh Water
Salary: £39,966 - £46,960
Job location: Rhayader, UK
Attraction Manager - Pontypool
Welsh Water
Salary: £39,966 - £46,960
Job location: Pontypool, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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