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Joint investment in Shanghai Disneyland to grow by US$800m

THE Walt Disney Company and Shanghai Shendi Group today announced a deal to increase joint investment in the coming Shanghai theme park by US$800 million, which is expected to bring 30 percent more visitors than originally planned to the first Disneyland on the Chinese mainland.

Disney and Shanghai Shendi, a consortium of state-owned companies, had already committed to spend US$4 billion on the theme park resort, which is scheduled to open at the end of next year.

Shanghai Shendi will contribute 57 percent of the additional investment while the Walt Disney covers the balance, according to a New York Times report.

The increased spending will be used for new rides, entertainment facilities, dining and retail venues in the park.

Shanghai Shendi said though more facilities will be added at the park, they are still within the 3.9 square kilometers mapped out for Shanghai Disneyland.

The company said the decision on the joint investment is based on their confidence in the prospects for the Shanghai park.


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