Universal to open China theme park for US$3b

October 13, 2014 10:23 AM

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Universal will be setting up a theme park in China with a local partner for US$3b on a 296 acre site, October 13, 2014. — AFPBEIJING, Oct 13 — US entertainment firm Universal Parks & Resorts will invest more than US$3 billion (RM9.7 billion) with a Chinese partner to open a movie theme park in Beijing in 2019, the city government and state media said today.

The park, which will feature characters and scenes from Hollywood blockbusters such as Harry Potter and the Transformers franchises, will be located in the city’s eastern district of Tongzhou, the city government’s news office said on its verified account on Sina Weibo, the Chinese equivalent of Twi...

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