Ferrari will build a new theme park and hotel in the Spanish resort of Port Aventura, which will open in 2016. The company has announced that it had sold licensing rights to build the new theme park, dubbed Ferrari Land, to the resort's management.
The plans include a rollercoaster which Port Aventura claims will be the highest and fastest-accelerating vertical ride of its kind, as well as a five-star hotel with 250 rooms, restaurants and a driving simulator.
Port Aventura, located close to Barcelona, attracts around four million visitors annually, with half of those coming from outside of Spain.
Ferrari Brand boss Andrew Perrone said: "After the success of Ferrari World in Abu Dhabi, we received many, many requests to develop new amusement parks. This is a very solid plan developed by competent people that will bring the magic of Ferrari to Spain, a nation where we have many supporters and enthusiasts, and to which large numbers of tourists flock each year."
Ferrari World in Abu Dhabi opened in 2010 and features a number of attractions and rides, including displays of the brand's most famous cars as well as a miniature racing track and a rollercoaster which is claimed to be the fastest in the world.