According to Donald Tsang, chief executive of the mammoth resort, the number of theme areas at Hong Kong Disneyland will increase from four to seven, creating more than 3,000 jobs.

The new attractions will be developed over the next five years, with Disney contributing the necessary new capital of about US$3.5bn as equity for the expansion.

The three new themed areas are Grizzly Trail, Mystic Point and Toy Story Land. They will feature 30 new attractions - including thrill rides - bringing the total to over 100.

Commenting on the agreement, Tsang said: "The Disneyland expansion project demonstrates the government's full commitment to promoting our pillar industries, including financial services and tourism. I'm sure this will help Hong Kong move towards a knowledge-based economy."

Upon completion, the new themed zones will enlarge the existing park's area by 23%.