InterQuad (International Quadratics)
InterQuad (International Quadratics) With a combined legacy spanning over 150 years, International Quadratics (founded in 1976) and Pierce Pool Supplies (originally established in 1898 as A H…
read moreThe Walt Disney Company has signed an agreement with China's Shanghai Shendi Group for the establishment of a Disneyland theme park in the city.
The deal was reached with Shanghai-based group, which was specifically created for the development of the Disneyland project, the official Xinhua news agency said on Friday.
Disney confirmed the Xinhua statement and said it was still awaiting final approval from China's central government regarding the incorporation of the related joint venture companies and the completion of regulatory procedures.
The deal brings Disneyâs long-planned park in mainland China closer to realisation, a Disney spokesperson explaining "for quite some time, we have been involved in discussions with the Shanghai government about building a Disney theme park. We can confirm the statement from the Shanghai government that we have taken another step forward in the approval process."
Shanghai's Disneyland is expected to cover around 4 kilometres2 and cost about 25 billion yuan (US$3.75 billion), Xinhua said. Disney itself gave no further details.
Disney received approval to build a Disney theme park in Shanghai a year ago, but discussions about the specifics have been ongoing and few details have been released publicly.
Disney has long sought to build in Shanghai, a booming city of about 20 million people that is ringed by the prosperous Yangtze River Delta, home to tens of millions more potential visitors.
It was less enthusiastic about building near Beijing, which has fewer large population centres in the immediate vicinity.
Disney's foray into the China market has been mixed so far, with its Hong Kong Disneyland park reporting a loss last year.
5th November 2009 - DISNEY GETS APPROVAL FOR SHANGHAI THEME PARK
27th January 2009 - DISNEY PLANS SHANGHAI THEME PARK
Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?
As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.
The Complete Guide to Leisure Industry Products & Services.
InterQuad (International Quadratics) With a combined legacy spanning over 150 years, International Quadratics (founded in 1976) and Pierce Pool Supplies (originally established in 1898 as A H…
read moreAnti Wave Global is the original suppliers of top performance swim, aquatic sports, leisure and pool programming equipment. Founded in 1971, Anti Wave Global is proud of its long and tested…
read morePrincipal Consultant Simon Weatherill has spent the last 20 years developing the world renowned Melbourne Sports Hub, as former Chief Executive Officer of the State Sports Centres Trust…
read more@leisure is a team of experienced leisure, aquatic and sports facility managers and planners, with market modelling, sports management, recreation planning, business and GIS qualifications. We have…
read moreAdvanced Aquarium Technologies (AAT) is a world leader in the design, construction, and operation of landmark public aquariums. Led from Queensland, AAT has delivered aquarium projects in over 25…
read moreTicketSearch is focused on providing businesses, organisations, and venues with affordable, efficient, and powerful self-managed ticketing solutions. The organisation has offices in Australia, New…
read moreTJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide. Our…
read moreCommercial Aquatics Australia provides aquatic solutions nationwide and is one of the largest and most experienced companies specialising in the design, construction, renovation, service, maintenance…
read moreGet your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!