There is no official location revealed yet, however it is confirmed that there will be a 3rd Ferrari Theme park to open in China. The other 2 are already located in Barcelona in Spain (Ferrari Land) and Abu Dhabi in (Ferrari World).
None of the Three theme parks are owned directly by Ferrari, However they are operated under licence by third party companies. Ferrari have now signed the Non-Binding agreement with chinese company BAIC.
Ferrari world in Abu Dhabi was the first ferrari based theme park to open. The foundation stone for the park was laid on 3 November 2007. It took three years to develop the park and it officially opened to the public on 4 November 2010. It has become that popular that is won the “Middle East’s Leading Tourist Attraction” at the World Travel Awards 2015.
Ferrari Land at PortAdventura is still under construction and due to open towards the end of 2016/Beginning of 2017. It will feature a verticle accellarator which will take visitors from 0-180kmh in just 5 seconds. It will also boast the worlds first 250 room Ferrari Themed Hotel.