Shanghai Disney Resort

The Shanghai Disney Resort is an upcoming theme park resort to be built by Walt Disney Parks and Resorts. This would be the second Disneyland in China with the other one being the Hong Kong Disneyland. The resort is scheduled to open in December 2015. Phase 1 of the resort's development will feature a Magic Kingdom-style park, Shanghai Disneyland Park, an entertainment district, two themed hotels, recreational facilities, a lake and associated parking and transportation hubs. Additional phases will see the development of two additional theme parks at the resort. The site will cover 963 acres in Pudong, Shanghai, or approximately 3 times the size of the Hong Kong Disneyland Resort, at a cost of 24.5 billion yuan (US$3.7 billion) for the new theme park and an additional 4.5 billion yuan (US$0.7 billion) to build other aspects of the resort. 43% of the resort will be owned by The Walt Disney Company and the remaining 57% will be owned by the Shanghai Shendi Group, itself a joint venture of three companies owned by the Shanghai government. Project Application Report for the resort was approved by the Chinese government on November 4, 2009.