Disneyland breaks ground in Shanghai
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The Walt Disney Company has broken ground on the new Shanghai Disney Resort – its first theme park in mainland China. The start of construction was marked with a groundbreaking ceremony held earlier today.
“Today marks a significant milestone in the history of The Walt Disney Company,” said Robert A. Iger, President & CEO of The Walt Disney Company. “Our Shanghai resort will be a world-class family vacation destination that combines classic Disney characters and storytelling with the uniqueness and beauty of China. Working with our Chinese partners, the Shanghai Disney Resort will be both authentically Disney and distinctly Chinese.”
“We’re incredibly excited to build a Disney resort in Shanghai, one of the world’s most vibrant cities,” said Thomas O. Staggs, Chairman of Walt Disney Parks and Resorts. “We are hard at work designing Shanghai Disneyland, which when complete will be a special place where guests of all ages will discover a world of imagination, creativity, adventure and thrills.”
Today’s groundbreaking ceremony featured Chinese drum music, a female soloist singing in Mandarin, a 50-voice Shanghai children’s choir and Mickey Mouse dressed in a traditional Chinese costume. Shanghai Party Secretary, Yu Zhengsheng and the city’s Mayor, Han Zheng were present to officially launch the project.
The new Shanghai Disney Resort, located in the Pudong New Area, is slated to open in approximately five years, when it will be home to several themed areas, as well as a 46,130 square metre central green space for events. There will be an initial investment of approximately CNY24.5 billion (US$3.7 billion), with and an additional CNY4.5 billion (US$700 million) to build the other aspects of the resort, including the hotels and the retail, dining and entertainment area.
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