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Investing a record 343 million USD in theme park expansion

Investments will be made in Disneyland Shanghai

Jul 11, 2024 14:21 434

Investing a record 343 million USD in theme park expansion  - 1

The total investment in the construction of a new attraction area in Disneyland Shanghai will be about 2, 5 billion yuan (US$343.8 million), according to a statement by park operator Shanghai International Resort, which announced an open tender for the implementation of the project.

The fact that Disneyland Shanghai is planning a new expansion became known in March, but no details were revealed. It was only stated that it would be built next to a Zootopia themed area. According to a statement from the park operator, the new project envisages the construction of 6 entertainment facilities with an area of over 21,000 sq.m.

Since opening in June 2016, Disneyland Shanghai has expanded twice. In April 2018, the Toy Story themed area was built, and in December 2023, an area based on the Zootopia cartoon of the same name appeared. (“Zootopia“).

Disneyland Shanghai is an American-Chinese project based on the ideas of local and Western designers. As a result, it was possible to create a complex creation that compares favorably with similar parks both in China and abroad. The authors of the plan are the Walt Disney Company and its local partner Shanghai Shendi Group. Together, they invested USD 5.5 billion in the construction of the first Disneyland in mainland China.

Currently, the Shanghai amusement park has eight theme areas: Adventure Island, Imagination Gardens, Mickey Avenue, Tomorrowland, Treasure Cave and ;Fantasyland", "Toy Story" and "Zootopia". In 2023, construction began on a third themed hotel with 400 rooms in the park.

In 2023, according to official data, Shanghai Disneyland, which also includes hotels and a shopping area with restaurants, was visited by about 25.6 million people - a 44% increase from 2019. The park's revenue last year amounted to 18.5 billion yuan (2.5 billion USD), an increase of 84% compared to 2019. Both indicators reached record levels since the park opened.

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