Disney hopes to build 1st park on Chinese mainland

Updated: 2009-01-15 15:11
Large Medium Small

The Walt Disney Company and the Shanghai municipal government have signed a project proposal to build the first Disney park on the Chinese mainland.

Under the proposal, the entertainment giant will take a 43 percent stake in Shanghai Disneyland. The other 57 percent will be owned by a joint-venture holding company, owned by the Shanghai government.

The total investment will be about 24 billion RMB. The first phase will include a theme park, a hotel and a shopping center, covering an area of 1.5 square kilometers.

It will open in 2014, at the earliest. By the conclusion of the whole project, a sprawling complex will cover an area of six to eight square kilometers.

Disney already has a theme park in the Hong Kong Special Administrative Region. As the company's second Asian venture, the Hong Kong Disneyland has received sponsorship of local government and business has been booming.

Analysts in Shanghai are confident that the park there will surpass the Hong Kong success and contribute trillions of RMB to the local GDP.


New song marks 30-day countdown
Little Mermaid moving to Shanghai for 2010 World Expo
Rodin sculptures arrive in Shanghai
Sri Lanka: Sharing is in our blood
A Grand Gathering of the World Cultures

Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.