Chinese ‘Disneyland' planned for South Africa
19 May 2009
China's Huaqiang Holdings Limited is to construct a US$ 250 million, 770000 m2 Disneyland-style theme park in Johannesburg, South Africa, according to state news agency Xinhua.
Huaqiang, which is based in Shenzhen, will work with China Development Bank, the China-Africa Development Fund, and the Industrial Development Corporation of South Africa to construct the park, said the report.
The park will consist of three zones: Chinese culture, African culture and world culture, according to Liang Guangwei, chairman of the board of Huaqiang Holdings Limited.
Construction is expected to start later this year with completion due three years later.
Huaqiang is a state-owned company engaged in electronics and sugar production. It expanded into making 3D cinema equipment eight years ago.
It has built, or is in the process of constructing, amusement parks in five Chinese cities.
It started building a theme park in Iran in May 2008 and has plans for theme parks in the Ukraine and Nigeria.
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