Shanghai Disney Park Gets Additional US $800 Million
Marcel Woo | | Apr 30, 2014 11:51 AM EDT |
The developers of Shanghai Disney Park, the first Disney theme park in mainland China, are spending an additional US $800 million to add more attractions on their theme park resort before the scheduled opening at the end of next year.
The Walt Disney Co and the Shanghai Shendi Group said its total investment for the park has now reached about US $5.44 billion, with the new round of spending announced earlier this week.
Like Us on Facebook
However, the two owners of the park are confident that return of investment will be quick considering that interest in the first Disney Park in mainland China has been growing.
Based on recent study, the Shanghai Disney Park targets around 330 million income-qualified people three hours away from the resort.
The US $800 million new spending was decided in order to attract more guests to the park. New attractions and entertainment will be added so that the opening day will become more spectacular, said Disney CEO Robert Iger.
The Shanghai Disney Park is the second Disney property in China. Disney's first theme park in China is the Hong Kong Disneyland.
The Disney property in Shanghai will feature six theme areas - including an area that will be transformed into a Pirates of the Caribbean setting, complete with structures and designs based on the blockbuster movie. When completed, the park will have two themed hotels, several dining and entertainment spaces, recreational spots, a magical lake and transportation hubs.
While construction is going on, Walt Disney and Shendi have launched a campus-based recruitment, enticing thousands of graduates to apply for the various vacancies at the Shanghai Disney Park.
TagsShanghai Disneyland, Shanghai Disney, Shanghai Disney Park
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?