Universal theme park to open by 2020

Universal Parks & Resorts, a division of NBCUniversal which owns Universal Studios Hollywood, expects to open North China's first international theme park in Beijing by 2020.

An official from the Beijing Municipal Commission of Development and Reform told the Beijing Daily that construction of the $8 billion Hollywood theme park started at the beginning of the month.

Its first phase is expected to be completed by 2019 with the site opening to public the following year, said the official.