Splendid China Folk Village, which is located in Shenzhen Bay, is set to get the world’s largest ferris wheel next year, Shenzhen Economic Daily reports. The plan was announced at the pre-Spring Festival press conference by CEO Miao Zhuang and will mark the 25th anniversary of the opening of the village.

The village has two areas, Splendid China Miniature Park and China Folk Culture Village, the wheel will presumably be built in the theme park. The exact date of the new ferris wheel’s unveiling is yet to be announced.

Since the original 1893 Chicago Ferris Wheel, built by George Washington Gale Ferris Jr., there have been eight world’s tallest-ever Ferris wheels. The record holder is the 165-metre (541 ft) Singapore Flyer, opened to the public in March 2008.

Giant ferris wheels are a time-tested way of cities announcing themselves on the world stage.