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Paramount Pictures has reached a deal to open "the largest theme in Spain", featuring attractions themed around the company's vast back-catalogue of movie and television properties.

The ambitious park is set to be located in Murcia, in the south-east of Spain on the Mediterranean coast. No date has been given for the park's opening, with plans still at an early stage. Nevertheless, the Spanish media report that the park could create 20,000 jobs and attract nearly 3 million tourists each year.

Unlike Paramount Parks, the firm's previous theme park venture (which was sold to Cedar Fair in 2006), the new park will be owned and operated entirely by outside investors. Paramount's involvement will be limited to licensing intellectual properties for use in attractions, and to providing "conceptual masterplanning and design" for the project.

The planned park would provide a boon for the Spanish economy, currently crippled by high unemployment, and would provide a consolation prize for a country that missed out on becoming the home for Euro Disney (now Disneyland Paris) two decades ago. However, even at 3 million visitors a year the Paramount park would operate on a much smaller scale than Disney's resort, which attracted 15.3 million guests in 2009.

More details about the Paramount project are set to be released in the next few months, and will covered in-depth on Theme Park Tourist.

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