Disney to Invest Another $800 Million In Shanghai Resort

April 28, 2014 11:26 PM

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Disney to Invest Another $800 Million In Shanghai Resort

Marking the largest foreign investment to date in China, Disney CEO Bob Iger announced that the company will be pouring an additional $800 million into Shanghai Disney, expanding the park’s overall cost by over 10% — and before it’s even opened.

Speaking at the Milken Global Conference in Beverly Hills on Monday, Iger said that currently 8,000 workers are living and working on the property, which totals a $5.5 billion investment.

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