Gulf Finance House (GFH), specialist conceiver of innovative economic infrastructure initiatives has signed a one-year exclusivity agreement with Six Flags, the world's largest regional theme park company, the company said in a statement on Tuesday. The new agreement is the latest venture from Gulf Finance House, designed to capitalize on the huge anticipated demand for investments in tourism within China. China is rapidly becoming one of the top tourist destinations for travelers, and as the host for the 2008 Olympic Games this summer this is only set grow. According to the World Travel and Tourism Council's 2006 Report on China, the country's travel and tourism industry generated $353.7 billion in 2006 and is expected to grow to $1.3 trillion in 2016. Given GFH's track record for identifying potential for above average growth and the delivery of high returns for its investors, coupled with Six Flags' technical expertise, the initiative is well placed to deliver exciting results for the regional expansion of China's tourism. Gulf Finance acting CEO Peter Panayiotou said “we were proud to successfully facilitate the introduction of Six Flags to Dubai and are delighted to begin another partnership with Six Flags. The agreement will lead to the development of an exciting, one of a kind tourist destination in China that is set to draw travelers from all around the globe. Six Flags is recognized as a world leader in the entertainment and theme park industry. The experience and brand loyalty they bring to the partnership is unparalleled. “This partnership underscores the potential of our one of a kind thrill park experience within China and the strength of our brand globally” said Mark Shapiro, president and CEO of Six Flags. “We're delighted to be collaborating again with GFH to bring the Six Flags product to an entirely new audience.” The People's Republic of China Six Flags venture offers a ground-breaking opportunity for the GFH and Six Flags to create a new generation of park goers on a truly global stage. The project also offers the potential for the future collaboration of GFH and Six Flags to develop a Six Flags themed luxury resort. __
