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Billionaire Wang to Build $3.3 Billion French Theme Park

  • Wang adding European project to global entertainment business
  • Wanda Group has been announcing a flurry of deals in 2016
relates to Billionaire Wang to Build $3.3 Billion French Theme Park
Source: EuropaCity
Updated on

A partnership led by by Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. plans to invest more than 3 billion euros ($3.3 billion) in a retail and leisure development project outside of Paris, taking on Walt Disney Co. in the euro area’s second-largest economy.

EuropaCity will be built 10 kilometers (6.2 miles) northeast of Paris. It will be the biggest single investment project in Europe to date, including a theme park, show stage, hotel, retail stores and conference centers, the company said in a statement. The project, which spans more than 80 hectares (198 acres), will also provide about 20,000 jobs during construction and 14,000 after it opens, according to the statement.