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Universal Studios theme park thought to be coming to Zhuhai, China, in CN¥15bn deal
POSTED 08 Aug 2014 . BY Tom Anstey
Universal Studios has reportedly signed a deal with the Zhuhai government in China to invest CN¥15bn (US$2.43bn, €1.81bn, £1.44bn) in a city theme park.

Chinese property website Guandian.cn reports that the park, to be located in Doumen district, Zhuhai, will cover 10sq km (3.8sq m) and looks likely to be the decided location for a Universal theme park in China, battling off competition from the city of Shanghai, though whether plans for a second park Beijing are still on track remain uncertain.

Universal Studios has been seeking opportunities to enter the Chinese market since 2001, although past attempts have not been a great success.

Both Beijing and Shanghai entered advanced negotiations with the company, with those deals advancing as far as setting up preparatory groups and reserving sites for the project.

The Shanghai negotiations fell through in 2012 when the local company coordinating the project listed itself for sale on the stock market.

Universal Studios then turned its attention to Beijing for an investment thought to be around the CN¥12.3bn (US$2bn, €1.5bn, £1.2bn) mark, with a terminal of the city’s metro line even being renamed “Universal Studios station”, although nothing has ever been officially confirmed.

Reports suggest that demolition of existing structures and site clearing on the Beijing site has already begun, with a goal of opening the park in 2018. The Beijing government however has played down these reports saying there was no guarantee the theme park would get the green light.

A new China park from either Beijing or Zhuhai would be the company's fourth in Asia, following the well-established sites in Japan and Singapore and the forthcoming Universal Studios park in South Korea.

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NEWS
Universal Studios theme park thought to be coming to Zhuhai, China, in CN¥15bn deal
POSTED 08 Aug 2014 . BY Tom Anstey
Universal Studios has reportedly signed a deal with the Zhuhai government in China to invest CN¥15bn (US$2.43bn, €1.81bn, £1.44bn) in a city theme park.

Chinese property website Guandian.cn reports that the park, to be located in Doumen district, Zhuhai, will cover 10sq km (3.8sq m) and looks likely to be the decided location for a Universal theme park in China, battling off competition from the city of Shanghai, though whether plans for a second park Beijing are still on track remain uncertain.

Universal Studios has been seeking opportunities to enter the Chinese market since 2001, although past attempts have not been a great success.

Both Beijing and Shanghai entered advanced negotiations with the company, with those deals advancing as far as setting up preparatory groups and reserving sites for the project.

The Shanghai negotiations fell through in 2012 when the local company coordinating the project listed itself for sale on the stock market.

Universal Studios then turned its attention to Beijing for an investment thought to be around the CN¥12.3bn (US$2bn, €1.5bn, £1.2bn) mark, with a terminal of the city’s metro line even being renamed “Universal Studios station”, although nothing has ever been officially confirmed.

Reports suggest that demolition of existing structures and site clearing on the Beijing site has already begun, with a goal of opening the park in 2018. The Beijing government however has played down these reports saying there was no guarantee the theme park would get the green light.

A new China park from either Beijing or Zhuhai would be the company's fourth in Asia, following the well-established sites in Japan and Singapore and the forthcoming Universal Studios park in South Korea.

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Kew Gardens opens giant natural play zone
Inspired to encourage children to develop a lasting relationship with plants and nature, Royal Botanic Gardens, Kew in London is all set to open its giant new Children’s Garden to the public this weekend (18 May).
IAAPA returns to Shanghai in June with rebranded Asian expo
Formerly the Asian Attractions Expo, (AAE) the newly-rechristened IAAPA Expo Asia (IEA) takes its first steps under its new name from 11-14 June.
17th annual Museums and Heritage awards honour 'innovative and ground-breaking initiatives'
The winners of the Museums + Heritage Awards were announced in London last night (15 May), with museums large and small being honoured and Sir David Attenborough picking up a Special Recognition Award.
+ More news   
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Salary: Competitive
Job location: Bakewell, UK
Children's Garden Hosts
Royal Botanic Gardens Kew
Salary: £18,589 per annum pro rata
Job location: Richmond, UK
Duty Manager
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Salary: £20-£25K depending on experience.
Job location: Dartford, UK
Operations Manager
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Salary: Competitive
Job location: Whitsundays QLD, Australia
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Salary: Competitive
Job location: Goshen, New York, USA
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Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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