The idea of the Aqua Park Waterpark to equip a large area of land to house a wide range of the best water toys, such as: Sewers, slides, drops, slides, paddle boats, and more. The project Aqua Park Waterpark It will be able to attract a variety of age groups – not just children – and will offer its services at competitive prices that will easily make it a destination for everyone who wants to relax and spend quality time with friends or family.
It is worth mentioning that Aqua Park will provide patrons with dedicated areas for food, drink and parking, as well as singing programs, entertainment and magical shows that will be enjoyed by adults and children alike.
According to the feasibility study prepared by Mashroo3k Consulting, the Aqua Park waterpark project will be feasible for its investors and will generate huge financial returns.
In 2022, the global amusement parks and theme parks market size was estimated at USD 54.9 billion and is expected to grow at a CAGR of 5.2% during 2022-2030, reaching USD 82.4 billion by the end of this period.
The global leisure market as a whole will register a CAGR of 20.45% during the forecast period (2022-2029) and the aquapark segment is expected to grow at a CAGR of 4.5% during the forecast period
In the first half of 2022, the number of tourist arrivals to Egypt was 4.9 million, according to CAPMAS, compared to 2.6 million during the same period of 2021, which means an increase of 85.4%
51.2 million of the Egyptian population fall in the age group between 10 and 39 years old, and this segment is the most important target group for the project’s services.
The Egyptian government aims to increase tourism revenues to USD 30 bn per year over the next three years (2023-2024-2025) and aims to increase arrivals by 25%-30% per year.
Egyptian households spend 2.3% of their total annual spending on entertainment.
