Shanghai Disneyland sits on nearly 1, 000 acres, making it three times bigger than the Hong Kong Disney.
However, media reports have since claimed that the park, situated on Lantau Island off Hong Kong, is attracting fewer visitors than Disney had hoped.
BBC: A worker cleans a logo of a Disneyland hotel in Hong Kong
The Hong Kong government and Disneyland are to announce this week what is expected to be an agreement to build the world's fifth -- and Asia's second -- Disney theme park in Hong Kong.
CNN: ASIANOW - Asiaweek | Intelligence | The Week Ahead: Hong Kong's Disneyland
According to recent reports in Hong Kong newspapers, the SAR's Disney park is likely to be in two parts: a high-tech park similar to one at Orlando, Florida, and next to it, a Magic Kingdom, the traditional style of Disney theme park.
CNN: ASIANOW - Asiaweek | Intelligence | The Week Ahead: Hong Kong's Disneyland
Hong Kong has taken the possibility of a far-in-the- future Disney theme park and a first-step deal between Microsoft and Hong Kong Telecom as excuses for a mini-rally.
Under the terms of the agreement, which took a year of hard talks to complete, the Walt Disney Co. and the Hong Kong government will be partners in a new joint venture, Hong Kong International Theme Parks Ltd.
On March 3rd the Hong Kong government announced that it was in negotiations with Disney to create the company's fifth theme park, on reclaimed land on Lantau Island, the home of Hong Kong's new airport and just a short subway ride from Hong Kong island itself.
Zhuhai - soon to host Formula One motor racing - is now thought to have been a decoy, probably introduced by Disney to secure the best possible terms from Hong Kong.
Disney will bring in a segment of tourists that Hong Kong hasn't been getting.
"You cannot put a price on the message that the Walt Disney Co. sends to the world in choosing Hong Kong for its third international theme-park destination, " she said.
Tam opened a shop in Shanghai's upscale Xintiandi district and Beijing's China World in 2004, and later paired up with Disney for "Year of the Mouse" projects in Shanghai and Hong Kong.
This criticism led Disney to take extra care when adding culturally specific elements to their parks in both Hong Kong and Tokyo.
In a much-anticipated budget statement to Hong Kong's Legislative Council last week, Tsang confirmed press reports that the government is holding talks with Walt Disney Co. on building a theme park in the territory.
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