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Billionaire to Spend $500 Million on Russian History Theme Park

Published: July 21, 2014 (Issue # 1820)



  • Pyrotechnics frame a viking longship at the Puy du Fou theme park in France’s coastal Vendee region.
    Photo: Wikimedia Commons

Russian billionaire Konstantin Malofeyev has signed an agreement with a French theme park company to build Russia's first historically themed amusement park with investments totaling up to 18 billion rubles ($512 million), Vedomosti reported Monday.

"We want to create not so much an entertainment park as a place for several hours of immersion in the history of Russia through a tremendous performance," Malofeyev told the newspaper, adding that the project is unprecedented in the Russian tourism market.

To bring the idea to life, Malofeyev, founder of the Marshall Capital investment group, has teamed up with Puy du Fou International, the company behind the popular historical theme park Puy du Fou in the Vendee region in western France, which attracts about 1.5 million visitors a year.

The company's president, Nicolas de Villiers, told the newspaper that they are prepared to co-invest in and manage the project.

"Russia needs a major tourism projects aimed at developing its economy and celebrating its past," Puy du Fou founder and French politician Phillippe de Villiers was quoted as saying in a joint statement with his son Nicolas.

A representative of the Moscow region's investment department confirmed knowledge of the plans.

Malofeyev did not specify the exact location of the park, but said that it will be built on 300 hectares of land near the Hotel Tsargrad — a hotel and entertainment complex that Malofeyev owns in the Moscow region. The park will be opened in 2 ? to three years' time, he said.





 


ALL ABOUT TOWN

Monday, Nov. 24


Dr. Axel Schulte, Department Head at Fraunhofer Institute for Material Flow and Logistics in Dortmund, Germany, is the featured speaker at the SPIBA Industrial Committee lecture on “The Fourth Industrial Revolution: Digitalization of the Supply Chain.” The event begins at 4 p.m. at the Graduate School of Management at 3 Volkohvsky Pereulok and registration is required by Nov. 21 either by emailing office@spiba.ru or calling 325 9091.



Tuesday, Nov. 25


Tag along with AmCham during their “Industrial St. Petersburg” Tour program today. This incarnation of the ongoing series will visit Philip Morris Izhora and include an Environmental Health and Safety Committee meeting.


Find out how to expand your business east during the “Business With China” forum beginning today and concluding tomorrow at the Lenexpo convention center. The largest Russian forum dedicated to business with the Asian giant, topics that will be discussed include logistics, customs clearance, trade financing and many more.



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