Welcome to Theme Park Insider! Join the community or log in
Theme Park Insider
Facebook Twitter YouTube Email Newsletter

Disney signs deal to build Shanghai theme park

Written by
Published: November 5, 2010 at 7:03 AM

Walt Disney Co. signed a formal agreement Friday with a company backed by the Shanghai municipal government to build a long-planned Shanghai Disneyland theme park in the financial hub of China, the two sides said in separate statements, MarketWatch reported.

Shanghai Disneyland will cost $3.59 billion, making it one of the largest-ever foreign investments in China. The signing of the agreement comes amid broad concerns about the health of the global economy and as Disney continues to struggle with its five-year-old Hong Kong theme park.

The Shanghai government said Disney signed the agreement with Shanghai Shendi Group Co., a company set up Friday to oversee the development of the theme park.

This article has been archived and is no longer accepting comments.

Previous article: This year's Christmas and holiday events at Disney, Universal and other top theme parks



What's it like to work at Disney World?

Working at Disney World

Insider's Pick: Ever wondered what it would be like to work at the Walt Disney World Resort? Stories from a Theme Park Insider offers more than 100 pages of fun, insightful, and even sometimes touching stories from people who've worked at Disney World's Magic Kingdom. It's a great way to get in the mood for your next trip to Orlando, or just to keep the memories of a Disney World visit alive.

Get it! In paperback | For Kindle | For iBooks