An amended deal with French authorities to 2030 has given Disneyland Resort Paris the right to build a third theme park “in the long term”.
Europe’s top tourist attraction near Paris is to extend its partnership with the public sector, enlarging the theme park and eyeing €8 billion in additional investment.
The amended agreement allows for the extension of the size of the current site from 1,943 hectares to 2,230 hectares.
Disneyland Resort Paris will also develop a joint venture with the Pierre & Vacances hospitality group based on sustainable development and an investment of €1.8 billion.
“Les Village Nature de Val d’Europe,” on 500 hectares east of Paris, will see the development of a 7,000 hotel beds, a lake and forest over a 20-year timeframe.
The company said its new projects would create around 70,000 direct and indirect jobs at its sites, which have been visited by 215 million people since 1992.
The Disney resort claims to contribute more than six per cent of foreign tourist revenue in France.
Chief Executive Philippe Gas said: “With this amendment to be signed with the French public parties we are renewing our collective confidence in the future of Disneyland Paris.
“For over 20 years this model has brought sustained growth to the region, while ensuring a close relationship with our public partners and neighbouring communities.
“We are committed to continue developing our tourist destination and supporting France’s tourism leadership while addressing the challenges of sustainable development.”