Terra Mítica is a theme park located in Benidorm, Comunitat Valenciana, Spain. The park is divided into five themed zones: Egypt, Greece, Rome, Iberia, and the Islands. The park opened in 2000. In 2001, a year after park opening, Paramount Parks entered into an agreement to manage Terra Mítica, and the park was branded as a Paramount Park for the …Terra Mítica is a theme park located in Benidorm, Comunitat Valenciana, Spain. The park is divided into five themed zones: Egypt, Greece, Rome, Iberia, and the Islands. The park opened in 2000. In 2001, a year after park opening, Paramount Parks entered into an agreement to manage Terra Mítica, and the park was branded as a Paramount Park for the following season. In 2004, the park filed for the Spanish equivalent of bankruptcy protection from its creditors. Since then, the park has operated independently. Terra Mítica emerged from temporary receivership in 2006, after restructuring its expenses, reducing labor costs, and canceling debt through the sale of unused park land. After generating an average negative operating profit of 8 million € per year from its inception, Terra Mítica produced positive EBITDA in 2006.
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