The Shanghai Disney Resort is an upcoming theme park resort to be built by Walt Disney Parks and Resorts. This would be the first Disney park in mainland China and the second within the Greater China region, the other being the existing Hong Kong Disneyland. Disney is set to invest an additional $800 million into its Disney Shanghai which will be used to boost the park’s capacity and attractions. The total investment will be $5.5 billion. State-owned Shanghai Shendi will continue to hold 57 percent of the shares of the owner companies, while Disney said it will hold the remaining 43 percent.
“Since we first broke ground in Shanghai we’ve been very impressed with the growth of China’s economy, especially the rapid expansion of the middle class and the significant increase in travel and tourism,” said CEO Bob Iger.
“Our accelerated expansion, including additional attractions and entertainment, will allow us to welcome more guests for a spectacular Disney experience on opening day.”
The resort is scheduled to open at the end of 2015. Phase 1 of the resort’s development will feature a Disneyland-style park, Shanghai Disneyland Park, an entertainment district, two themed hotels, recreational facilities, a lake and associated parking and transportation hubs. Additional phases will see the development of two additional theme parks at the resort. The site will cover 963 acres in Pudong, Shanghai, or approximately 3 times the size of the Hong Kong Disneyland Resort.