You probably love your Ferrari on the road, and who can blame you? How about experiencing the thrill of the speed in the air? Soon you will be able to experience the wonders in Ferrari Land, the luxury car company's second theme park venture set to open in 2016 just outside of Barcelona.

Covering 807,000 sq ft, the theme park will boast an array of attractions, including Europe's highest and fastest vertical accelerator, and five-star accommodation with 250 rooms, complete with restaurants and a driving simulator. The magic doesn't come cheap though.

Ferrari and collaborator PortAventura Entertainment - which already runs a theme park and hotel in Ferrari Land's future location - are expected to spend up to €100 million (HK$1.08 billion) to build the park.