Kuwaiti-Funded London Theme Park Resort Set To Open in 2021
You’ll have to see it to believe it, but you may have to wait a while yet. London Resort Company Holdings (LRCH) is the big name behind the enormous theme park which will be constructed on the 872-acre brownfield site in Kent’s Swanscombe peninsula, just a short train journey from Central London. The $3.6 billion project is being fully funded by Kuwaiti European Holding (KEH) Group.
The projected timeline for the London Paramount Entertainment Resort was released earlier this year with the completion date expected to be in 2021, a later date than was was initially projected back in 2012 when the proposal was launched in October 2012.
What Can You Expect
The park is expected to pull in 40,000 visitors every day offering a huge range of activities for the entire family including: 50 rides and attractions, one of the largest indoor water parks in Europe, “West End” style shows, art-house style cinemas and nightclubs, music and sporting events as well as food and beverage outlets amongst others. This will be the first entertainment resort of its kind in the UK and it is expected to give a huge boost the tourism industry in Kent as well as providing over 20,000 new jobs for the area.
In recent news however, around 100 British companies have hit back at the proposal which will force businesses to relocate and could cost thousands of jobs to boot.
Director of LRCH, Fenlon Dunphy was quick to respond: “We are doing everything we can to ensure this process runs as smoothly as possible. We are working hard to ensure businesses can be given the best opportunities for relocation and therefore jobs are transferred rather than lost.
“While we appreciate that some people are concerned about possible job losses, London Paramount will be a long-term provider of up to 27,000 jobs in local boroughs as well as in the wider county and South East.”
Regardless of complaints, the project is still set to ahead. Watch this space!