| Shimao Group and American Dream Works Studios team up to build a theme park |
| It is reported that Longxiang Island in Cangshan District, Fuzhou was chosen as the site for Shimao Dream Works Theme Park, which is to be jointly built by Shimao Group and American Dream Works Studios for a total investment of roughly RMB 23.6 billion, but the detailed planning of the site has not yet been announced. Founded in 2014, Shanghai Shimao Co., Ltd. plans to build 10 theme parks in 3 to 5 years, among them is the cooperative project with American Dream Works Studios Nanjing Shimao Dream Works Theme Park, which is expected to open in 2019. Fuzhou Shimao Dream Works Theme Park shares some similarities in overall planning with Nanjing Shimao Dream Works Animation Base. Up to now, Shimao runs 28 tourism projects including Shanghai Shimao Theme Park, Tianjin Shimao Wetland Park, Fuzhou Shimao Guling Project, Fuzhou Shimao Skyscrapers, Chengdu Shimao Mengzhui Gulf, and Wuxi Shimao Capital, to name just some, which have been paid back. The statistics in 2014 show that Shimao tourism and real estate projects have unlocked a huge revenue stream generating RMB16.31 billion. (2016/02, No. 139 GTI) |
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