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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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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.
MORE NEWS
World Animal Protection report accuses accredited zoos of animal cruelty
Zoos and aquariums associations have criticised a report by World Animal Protection (WAP) which claims to have identified numerous examples around the world of wild animals being used in cruel and demeaning ways in the name of visitor entertainment.
New York flagship announced for Museum of Ice Cream as operator plans international expansion
The Museum of Ice Cream (MOIC) has announced plans to open several new locations, both in the US and internationally over the next 18 months, starting with its first New York City flagship in Q4 2019.
New visitor centre to be developed at Auschwitz-Birkenau following US$5.5m donation
A donation of US$5.5m (€4.96m, £4.55m) will go towards the development of a new visitor services centre at the Auschwitz-Birkenau Memorial – the museum located on the site of the World War Two Nazi concentration camp in Poland.
Kings Dominion unveils new water attractions for 2020
Cedar Fair's Virginia amusement and waterpark, Kings Dominion, has announced three new additions to its 20-acre (80,900sq m, 265,500sq ft) Soak City waterpark, which is set to open in 2020.
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Red Raion - Trailer Pinocchio - A Modern Tale VR
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Trailer Peter Pan - Saving Tinkerbell VR – Red Raion
Miko and the Spell of the Stone - Movie Trailer – Red Raion
Online Print Made Easy! – instantprint
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

16-19 Sep 2019

IAAPA Expo Europe 2019

Paris Expo Porte de Versailles, Paris, France
21-24 Sep 2019

ASTC 2019 Annual Conference

Ontario Science Centre, Toronto, Canada
+ 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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