Disney Confirms $350M Investment for Disneyland Philippines

Filipinos need not to go to other countries to visit Disneyland anymore after 2 years starting today after The Walt Disney Company chairman Andy Bird, announced on Friday that the company has set aside $350 million to be invested in the Philippines.

Vice President for global public policy Jim Flippatos said Disney finds the Philippines as a great location for entertainment and amusement goers.

Bird said they will visit the country next month (March) to shop for a great location.

It was announced earlier in one of the company’s press releases that possible locations includes Batangas, Laguna, Bulacan, and Pampanga area.

“I think Metro Manila is already extremely crowded. We need at least 125 acres (50 hectares) of land to house the Disneyland Philippines”, Flippatos said.

Bird clarified that the Philippine investment plan was decided two years ago, contrary to the report that President Aquino convinced the company.

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“It has nothing to do with our meeting with the Philippine president last week. The plan was already finalized before and meeting with President Aquino was just to finalize the deal”, Bird noted.

Another executive Mark Paulson said that the Disneyland Philippines could provide at least twelve thousand local jobs.

“Once we finalize the deal with the land owners, we will start the construction as soon as possible. Our target is to open by summer of 2018”, Paulson said.

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