Universal Studios has reportedly signed a deal with the Zhuhai government to invest 150 billion yuan (US$24.29 billion) in a theme park in the city.
The park, to be located in Doumen district, will cover 10 square kilometers, Chinese property news portal Guandian.cn reported Friday.
The California-based company has been seeking opportunities to enter the mainland market since 2001, although past attempts have not been very successful.
Both Beijing and Shanghai have been courting the Universal Studios to have its theme park established in their cities. They even set up preparatory groups and reserved sites for the project.
Negotiations with Shanghai broke down in 2012 when the local company coordinating the project listed itself for sale on the market.
This was followed by reports that Universal Studios planned to open a theme park in Beijing in 2018, with an investment of about US$2 billion. The terminal station of a metro line (East Four) that would connect to the site was even named “Universal Studios station”.
The Guandian.cn report didn’t mention whether the project planned for Zhuhai will be the Universal Studios’ second after the Beijing theme park.
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