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Universal breaks ground on CN¥50bn China venture
POSTED 03 Nov 2016 . BY Tom Anstey
Universal Studios has broken ground on its largest ever theme park project – a CN¥50bn (US$7.4bn, €6.65bn, £6bn) development set to open in Beijing in 2020.

While Disney and Wanda battle for theme park supremacy in China, Universal is a name that can now be thrown into that hat, with the massive investment to cover 4sq km (2.5sq m) in Tongzhou – an eastern district of Beijing.

With ground breaking on the development this week, once freely sliding openings will hopefully be locked in. In the past, 2018, 2019 and 2020 dates have all been touted.

A deal signed between the Chinese government and Universal Studios was initially given the green light by the National Development and Reform Commission in September 2014, with the official signing taking place on 13 September 2015.

A joint venture company known as Beijing Shouhuan Cultural Tourism Investment Co formed last year to carry out construction. The development will include in its first phase the theme park, the world’s first Universal-themed resort hotel and a retail entertainment complex, all to be completed within five years. A second stage of development in 2021 will include a second theme park, a waterpark and five more resort hotels.

The park will be the company’s fourth Universal theme park in Asia, following the well-established sites in Japan and Singapore and the forthcoming Universal Studios park in South Korea.
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Jobs . News . Products . Magazine
NEWS
Universal breaks ground on CN¥50bn China venture
POSTED 03 Nov 2016 . BY Tom Anstey
Universal Studios has broken ground on its largest ever theme park project – a CN¥50bn (US$7.4bn, €6.65bn, £6bn) development set to open in Beijing in 2020.

While Disney and Wanda battle for theme park supremacy in China, Universal is a name that can now be thrown into that hat, with the massive investment to cover 4sq km (2.5sq m) in Tongzhou – an eastern district of Beijing.

With ground breaking on the development this week, once freely sliding openings will hopefully be locked in. In the past, 2018, 2019 and 2020 dates have all been touted.

A deal signed between the Chinese government and Universal Studios was initially given the green light by the National Development and Reform Commission in September 2014, with the official signing taking place on 13 September 2015.

A joint venture company known as Beijing Shouhuan Cultural Tourism Investment Co formed last year to carry out construction. The development will include in its first phase the theme park, the world’s first Universal-themed resort hotel and a retail entertainment complex, all to be completed within five years. A second stage of development in 2021 will include a second theme park, a waterpark and five more resort hotels.

The park will be the company’s fourth Universal theme park in Asia, following the well-established sites in Japan and Singapore and the forthcoming Universal Studios park in South Korea.
RELATED STORIES
Wanda hires former Hong Kong Disneyland head to run theme park division


As Disney and Wanda’s public war for dominance across China continues to rage on, Wanda chair Wang Jianlin has reportedly hired former Disney executive Andrew Kam to lead its charge into the theme park sector.
Wanda 'wolf pack' grows as operator launches latest multi-billion dollar Wanda City development


Wang Jianlin’s public feud with Disney continues to heat up with the Wanda chair’s latest multi-billion Wanda City to open its doors tomorrow (23 September).
Iger hints at further expansion for Disneyland Shanghai following strong first quarter


Disney chair and CEO Bob Iger has said that the operator’s new Shanghai venture has “ample expansion possibilities” following a strong opening three months.
Universal signs JV deal with Chinese government for C¥50bn development of Universal Studios Beijing


Universal’s C¥50bn US$7.85bn (€6.93bn, £5bn) largest theme park ever will open in China in 2019, after the company received the green light from Beijing authorities.
MORE NEWS
New attractions drive profits as Universal reports strong Q1
Continued impressive results from Universal's theme park division has fueled strong revenue's for Comcast's first quarter, with theme park revenues increasing by 14.5 per cent.
Three more theme parks for China as Six Flags enjoys record start to 2018
Off the back of a record financial start to the year, Six Flags has announced plans to develop three more theme parks in China as the operator continues to ride the international wave of momentum it has created.
Unesco mobilises academics to promote heritage protection in Africa
Unesco's World Heritage Centre will this week be hosting a heritage workshop as part of its mandate to promote culture and education in Africa.
Cream of tourism crop revealed with VisitEngland's latest Awards for Excellence
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+ More news   
LATEST JOBS
Guest Experience Manager
SnowDome
Salary: Circa £30,000
Job location: Tamworth, UK
Games & Wristbands Manager
West Midland Safari and Leisure Park
Salary: £22,000 - £25,000
Job location: Worcs, UK
Senior Bowling Technician
NAMCO UK Ltd
Salary: Competitive Salary & Benefits
Job location: Manchester, UK
Food and Beverage Manager
NAMCO UK Ltd
Salary: Circa £23,000
Job location: Manchester, UK
Performance Assistant Team Leader
Hamburg Dungeon
Salary: Competitive Salary & Benefits
Job location: Hamburg, Germany
Retail, Admissions & Membership Manager
The Wildfowl and Wetlands Trust
Salary: £33,065
Job location: London, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
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