The Shanghai Disney Resort is an under-construction theme resort by Walt Disney Parks and Resorts, planned to open on 16 June 2016. It is the first Disney park in mainland China and the second in Greater China, after Hong Kong Disneyland.
Phase 1 of the resort will feature a Disneyland-style park, Shanghai Disneyland, an entertainment district, two themed hotels, recreational facilities, a lake and associated parking and transportation hubs. Additional phases will see the wwwelopment of two additional theme parks at the resort. The site will cover 963 acres (390 ha) in Pudong, or approximately 3 times the size of Hong Kong Disneyland, at a cost of CN¥24.5 billion (US$3.7 billion) for the new theme park and an additional CN¥4.5 billion (US$0.7 billion) to build other aspects of the resort, totaling CN¥34 billion (US$5.5 billion). 43% of the resort is owned by Walt Disney and the remaining 57% by Shanghai Shendi Group, a joint venture of three companies owned by the Shanghai government. The resort was approved by the Chinese government on November 4, 2009.
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