Universal and Disney have a new competitor in the global theme park biz thanks to a new partnership between resort operator Resorts World Genting and Twentieth Century Fox Consumer Products (TCP) that will see Fox launch its first ever theme park, set to open in Malaysia in 2016.

Resorts World Genting’s existing park in Malaysia will get a US$122 million upgrade to the new Fox-branded park that will feature more than 25 acres of land and more than 25 rides and attractions based on hit Fox film properties including Ice Age and Rio.

In addition, a unique, state-of-the-art animatronics parade called The Dream Parade will feature all of Fox’s famous characters and titles and is expected to be a highlight of the new park.

The makeover of the 35-year-old Genting Outdoor Theme Park, which attracts millions of visitors annually from around the world, is set to begin September 1, 2013.