The Walt Disney Company and the Hong Kong government have announced plans for a multi-year expansion of Hong Kong Disneyland.
Estimated at US$1.4 billion, the proposed expansion will include a new Frozen-themed land, as well as a dedicated Marvel-themed area featuring new attractions and entertainment. The park’s upcoming Iron Man Experience—its first Marvel ride—is already set to open in January.
There will also be a new entertainment venue called Moana’s Village Festival in Adventureland.
The expansion will be funded through cash equity injections from Hong Kong Disneyland’s shareholders, subsidiaries of The Walt Disney Company and the Hong Kong Government. The funding will be based on current ownership stakes, which are 47% and 53%, respectively.
Between 2011 and 2013, Hong Kong Disneyland launched three themed areas—Toy Story Land, Grizzly Gulch and Mystic Point—and the upcoming expansion appears to signal a re-commitment to branded spaces.
The news follows on the heels of Disney and Shanghai Shendi Group breaking ground on the upcoming Toy Story Land at Shanghai Disneyland, which marks the seventh themed area for the Mainland China park.