The Walt Disney Company announced in a press release that they are one step closer to another theme park. According to the statement, the central government of China has given preliminary approval for a Shanghai park to be built.
With this go ahead, Disney is free to work with its partners to create a final agreement for a park similar to the other parks the company has created abroad such as Hong Kong Disneyland, Disneyland Paris and Tokyo Disney. If given the final approval it would mark the sixth park under the Disney umbrella including Disneyland, Walt Disney World.
Disney has been seeking a mainland China location for quite some time. With a population that is estimated to approach 1.5 billion by the time a park could be completed, it could prove to be a very profitable operation.
“China is one of the most dynamic, exciting and important countries in the world, and this approval marks a very significant milestone for The Walt Disney Company in mainland China,” said Robert A. Iger, president and CEO of The Walt Disney Company in the press release.
Look for more details on this exciting expansion as they become available.