Galasys, a market leading provider of integrated amusement park solutions and services in Asia, has secured 25 new contracts for several new and significant projects in Malaysia and China worth more than £1 million.
The significant contracts included Asia's First Animation Theme Park, Movie Animation Park Studios (MAPS) which is being built in Ipoh, Perak, Malaysia by Animation Theme Park Sdn Bhd for a cost of RM450 million. MAPS features over 40 attractions in six thematic zones and is targeted to complete in 2016. Their contract with Galasys is worth RM1.37 million.
Sean Seah, the Chief Executive of Galasys, said: “2015 was a good year for Galasys and we continue to build on our position as the leading provider of integrated and modular amusement park solutions and services in China and Southeast Asia.”
“In addition to our ongoing projects, in the last quarter, we have secured seven new customers and 18 of our existing customers have purchased new solutions to complement their business directions,” he added.
Among the secured deals, Galasys also secured four significant contracts in China. Domestic tourism contributed four percent of China’s GDP with the domestic market making up 71 percent of Chinese tourism (China National Tourism Administration - CNTA). In the past five years, domestic tourism has seen a continuous year-on-year increase of above 10 percent.
“This further establishes Galasys as the leading provider of solutions for the theme park industry in China and Asia. Our expertise in the Chinese market is sought after by not only Asian businesses but also by foreign theme parks looking to enter the Chinese Market,” he explained.
“Our solutions provide businesses the ability to better manage their amusement park, from ticketing to theme park ride queue management. Not only do we help our clients business become more profitable, their customers are able to garner a more enjoyable experience.”
Sean ended: “We believe 2016 will be another great year for Galasys, and we hope to work with more theme park operators in the region.”