Disney signs deal to build Shanghai theme park
Published: November 5, 2010 at 7:03 AM
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.