Gold Coast Mayor Tom Tate does not believe it is too soon after the Dreamworld disaster to start talking about planning another theme park in the region.
Chinese operator Songcheng Performance Development has revealed plans to build a 40.4 hectare, $400 million culture-based theme park in Nerang, with the master plan expected to be completed by the end of next June.
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New Gold Coast theme park
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"It's never a bad time to talk about enhancing our tourism infrastructure," Cr Tate said.
"The way we look at it on the Gold Coast, we like to broaden our economy and we want to broaden our tourism economy."
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The park, which would sit between the Nerang train station and Metricon Stadium, would differ significantly from the other four already based on the Gold Coast, with a focus on Australia's indigenous history as well as the Oriental world.
Songcheng announced in a statement to the Shenzhen stock exchange earlier this month that the theme park would feature a theatre for large-scale performances including a "Legend of Australia" and "Wild Australia" show.
The company also announced there would be an "Australian Indigenous Cultural Village" to be built with the co-operation of the Yugambeh people.
The Gold Coast theme park will be the company's first international project and is estimated to cost about two billion yuan ($392.6 million) for the first phase, which includes about $66 million for the cost of land.
Cr Tate said he was unfazed about any further development creating a cluttered market, and that the project would instead help improve the region's established attractions.
"There's room for another three (parks)," he said.
"More competition means that they have to update their parks to keep up with it.
"Back in the day, we were the number one choice for theme parks, and we've got to keep doing that to stay up the top."
Cr Tate visited a similar park owned by the company in China's holiday district of Sanya in September this year and said the company already had the funds available for the development of "Australian Legendary Kingdom".
The mayor also downplayed concerns Australians would be unwilling to go a theme park that was in some ways based on the Chinese culture.
"This is a quintessential Gold Coast theme park," he said.
"When it comes to lights and fun it's an international park."
Songcheng Performance Development is based in Hangzhou, China and is controlled by Huang Qiaoling who Forbes has described as "one of China's most successful theme park entrepreneurs".
AAP and Amy Mitchell-Whittington