ASIA
UNIVERSAL STUDIOS
What: Universal Studios theme park Where: Seoul, South Korea When: 2014 How much: US$2.7bn (€1.83bn, £1.65bn) Universal Studios has resurrected its plans to build a new theme park near Seoul in South Korea. The scheme was originally announced in 2007, but regional authorities strug- gled to raise the funds amid the global economic crisis. However, Lotte Group and Posco Engineering and Construction – two of the country’s biggest compa- nies – have agreed to fi nance the project. The site comprises a movie themepark, waterpark and resort – including a golf course and condominiums – with director Steven Spielberg likely to act as creative director.
SOUTH KOREAN GOVERNMENT
What: Robot Land Where: Incheon, South Korea When: 2013 How much: KRW784.5bn (US$694m, £462m) The central government of South Korea announced that it will begin work later this year on the fi rst of two Robot Lands planned for the country. The fi rst one, in the city of Incheon, is scheduled to be completed in 2013 with
parts of the park opening by 2012. The park will boast entertainment facilities, exhibition halls, a water park, research and development centres, education buildings and industrial support facilities.
WALT DISNEY CORPORATION
What: Disneyland Shanghai Where: Shanghai, China When: 2014 How much: US$3.5bn (£2.1bn, €2.3bn, CNY 23.9bn) The project’s initial phase will include a Magic Kingdom- style theme park containing some elements tailored to the Shanghai region and others consistent with the offer in Disney’s parks elsewhere in the world. The resort will increase Disney’s destinations to six, joining Disneyland Resort
in California and Walt Disney World Resort in Florida; Tokyo Disney Resort in Japan; Disneyland Paris in France; and the Hong Kong Disneyland Resort.
OIL AND NATURAL GAS CORP.
What: Oil Museum Where: Gujarat, India When: 2011 How much: Not disclosed India’s Oil and Natural Gas Corporation (ONGC) is plan- ning to build an oil museum at Gujarat Science City, near its Ahmedabad Asset site. ONGC’s executive director at Ahmedabad Asset, Anil Johri, met with Gujarat’s chief min- ister Narendra Modi to go over the details of the 1,000sq m (10,800sq ft) museum. The museum would feature real-size and miniature models and interactive exhibitions. Further details have not been released, but the museum would commemorate 50 years of ONGC Ahmedabad Asset in 2011.
AM 2 2010 ©cybertrek 2010
JUNIPER GROUP/GOLD COAST CITY COUNCIL
What: Surfers Paradise Where: Gold Coast, Australia When: 2011 How much: AUD$25m (£14.3m, US$22.4m, €16.5m) Work is now under way on the project to reconnect the city with the beach in Surfers Paradise on Australia’s Gold Coast. The redeveloped foreshore will be split into three zones; urban plaza, urban beach and urban park. Funded by AUD$20m (£11.5m, US$18m, €13.2m) from the Gold Coast City Council and AUD$5m (£2.9m, US$4.5m, €3.3m) from the Queensland State Government, the Surfers Paradise Foreshore Masterplan is part of a AUD$90m (£51.5m, US$80.8m, €59.4m) ‘economic stimu- lus’ package to improve infrastructure and create jobs. ●
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