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Mon September 23 2024

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Deal signed for Hong Kong Disneyland expansion

24 Nov 16 Walt Disney Company has reached an agreement to expand and develop its resort in Hong Kong.

The plan will cost HK$10.9bn (拢1.08bn), with the government injecting HK$5.8bn and Disney contributing HK$5.1bn.

The Hong Kong government鈥檚 secretary for commerce and economic development Gregory So said: 鈥淲e are happy to see the Walt Disney Company鈥檚 confidence in the Hong Kong market and the future of tourism in Hong Kong, and that it continues to make significant investments to expand and develop Hong Kong Disneyland Resort.鈥

It will be the first Disneyland park in the world featuring 鈥楩rozen鈥 and 鈥楳arvel Superheroes鈥 themed areas. The plan will also transform the castle currently in the park.

The expansion will increase the number of themed areas from seven to nine, and the total number of attractions will increase from about 110 to over 130. Work will begin in 2018 for completion in 2023.

The government will discuss the plan with the Legislative Council next week and will also make a submission for funding approval at a later date.

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