HK govt, Walt Disney to invest $1.4 billion in expansion due for completion in 2023

he Hong Kong government and Walt Disney Co are embarking on a HK$10.9 billion ($1.406 billion) expansion of the Hong Kong Disneyland Resort (HKDL), with features that include the world's first Frozen and Marvel-themed facilities to fend off fierce market competition since the Shanghai Disneyland opened in June this year.

The Frozen and Marvel-themed facilities are located at the Phase 1 site of HKDL where land formation work has been completed to enable timely commencement of the expansion works. The government will explore the Phase 2 development of HKDL as its long-term development plan.