$5.5 Billion Disney Shanghai Set to Open Next Month
China and South Asia is the preferred destination of some of the biggest corporations in the world due to the endless possibilities that are on offer for the right investments and Disney was quick to recognise that when it commissioned a humongous Disney theme park in the country. Disney's theme park in Shanghai, the financial capital of China, that has cost the company a jaw dropping $5.5 billion is going to be opened next month and it promises to be the first amusement park of its kind for the people of the country. The projects is one of the biggest that has been undertaken by the company in recent years and the company hopes that it will continue to be one of its biggest revenue generators from Asia, considering the spending power of the people in the city and also the presence of a vast range of activities in the park.
This is one of the six Disney resorts that has been built by the company and offers a far bigger variety of amusement than the regular Disneyland parks. In Asia, there are Disney resorts in Tokyo and Hong Kong. Robert A. Iger, the CEO of Disney said last year, "We've never build a park as big as this to open on opening day. This is the biggest. If you were to have stood here with me on this ground in 1999 and thought, 'Well, one day we're going to be here opening Disneyland,' you'd probably think I was out of my mind. But here we stand, a lot of progress being made, a lot of work being done, a lot of noise being generated. And I'm confident we're going to make the date we've got in mind." The opening is now almost there and Iger visited China in order to meet Chinese President Xi Jinping ahead of the opneing. The President spoke on the project as well, "U.S. firms with Chinese firms, and in particular the Walt Disney Company with Chinese firms, are exactly cases in point of such new cooperation. And I believe the new cooperation will continue to yield new outcomes."
