Disneyland Paris to invest €2bn into expansion

By Sophie Chapman
The US-based media company, the Walt Disney Company, has announced plans to expand its theme park located about 20 miles from France’s capital city...

The US-based media company, the Walt Disney Company, has announced plans to expand its theme park located about 20 miles from France’s capital city.

The firm will invest €2bn (US$2.44bn) into the construction project, which will start in 2021, and be executed in phases.

The multi-year project will see the additions of Marvel, Frozen, and Star Wars related sections in Disneyland, as well as a new lake.

Disney’s CEO and Chairman, Robert Iger, made the announcement following a meeting with France’s President, Emmanuel Macron, the BBC reports.

“We’re very excited about the future of Disneyland Paris and continue to invest in its long-term success,” commented Mr Iger.

SEE ALSO:

“The resort is already the leading tourist destination in Europe, and the transformative expansion we announced today will add even more of our beloved characters and unparalleled storytelling to create new lands, attractions and entertainment that further elevate the guest experience and drive new opportunities for tourism in this dynamic region.”

The construction news is thought to combat the park’s financial issues as it has received dropping numbers of visitors.

Since launching in 1992, Disneyland Paris has received approximately 320mn visits, and currently employs 16,000 people.

Share

Featured Articles

All you need to know about Saudi real estate developer ROSHN

Saudi Arabia’s leading real estate developer, ROSHN, is building communities covering 200 million sqm to help boost home ownership to 70% by 2030

Arcadis signs collaboration with Canadian start-up Niricson

Agreement will combine Arcadis’ expertise with Niricson’s predictive analytics platform to develop a non-invasive way to safely inspect and monitor concret

Italy’s Cannon Artes wins $31m Egyptian desalination project

Turnkey contract win from SOPC will see Italian firm deliver an integrated desalination & demineralisation plant as part of modernisation of Suez refinery

Saudi Arabia to build three new stadiums for Asian Cup 2027

Construction Projects

Neoen’s Storen Power Reserve begins construction in Sweden

Construction Projects

Masdar works with African countries on renewable projects

Construction Projects