Economy > Investment

Universal to start work on theme park in Beijing by year end

Xinhua Financein en.silkroad.news.cn
2018-11-09 10:33

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According to Beijing Daily report, the 1,000-acre project announced by Universal will include a theme park, shopping center and hotels.

Since Beijing's sub-city center is located in the Tongzhou district, the construction of the theme park has drawn wide public attention after the construction plan of it was released in 2015.

Tongzhou district government has launched investment plans to attract capital into tourism, cultural creation, entertainment industries in the area. A series of projects combining high-tech and cultural innovation are under discussion, according to the local government.

To support the development of the park, work on municipal facilities with a total investment of 53 billion yuan ($7.6 billion) including 129 projects began in 2016.

In the last two years, work on 66 projects has already started. Fifty projects will start construction this year and the rest 13 will start in the following two years.  (Souce: China Daily)
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