Months before Ferrari World in Abu Dhabi has been completed, developer Aldar Properties is reportedly eying a site for a second similar themed attraction.

According to Spanish daily El Mundo, the developer is currently seeking a second location for a Formula 1 theme park, which would feature a Grand Prix, in the port city of Valencia.

Francisco Camps, president of the Generalitat Valenciana administration, reportedly visited the current Ferrari World site and is said to have an "excellent relationship" with Ferrari president Luca di Montezemolo.

Ferrari World in Abu Dhabi is set to be the world’s largest indoor theme park and the first ever Ferrari theme park in the world when it opens next year.