Universal signs deal with China to open theme park
by Associated Press
BEIJINGSep 16, 2015 - 12:00 am GMT+3
by Associated Press
Sep 16, 2015 12:00 am
Universal Studios has signed a deal with a Chinese state-owned consortium to build a Hollywood theme park in Beijing to open in 2019, state media reported yesterday.
Universal Parks & Resorts, a Comcast unit, is partnering with Beijing Shouhuan Cultural Tourism Investment Co. Ltd., a consortium of four state-owned companies, to invest in and operate the project. China's Cabinet and national economic planning agency approved the theme park project 13 years in the making in September last year.
It will be Universal's third theme park in Asia, after Singapore and Osaka, Japan. The park, an entertainment complex and the first-ever Universal-branded hotel will occupy a 120-hectare (300-acre) site in Tongzhou district in Beijing's east. A second phase would involve another theme park, a water park and a further five resort hotels, according to state media. Universal has said the resort will eventually encompass 400 hectares (1,000 acres).
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.