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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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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.
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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.
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+ More profiles  
FEATURED SUPPLIER

How can travelling exhibitions adapt for the future?
Emily Cronin, partnerships manager at the Science Museum Group in the UK, shares insights into evolving business models for touring exhibitions in Spokes, Ecsite’s magazine. [more...]
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Red Raion - VR/5D Films Showreel 2016 – Red Raion
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+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
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+ More directory  
DIARY

25-27 Jun 2019

BALPPA Summer Conference 2019

The Balmer Lawn Hotel and Carey’s Manor Hotel, New Forest, United Kingdom
04 Jul 2019

National Hotel Marketing Conference

Hilton at St George's Park, Burton-on-Trent, United Kingdom
+ More diary  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2019

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