Indonesian development firm Bakrieland is reportedly in discussions with the Walt Disney Company about building a new theme park in Java, a deal worth potentially more than US1 billion. Though neither company is prepared to announce anything in public, sources have told Reuters that Bakrieland expects to sign an agreement as early as next year to build a Disneyland on land it already owns in Sukabumi, West Java.

A major project like this would display great confidence by Disney, not only in Indonesia’s growth but in Asia’s love of major theme parks. The region’s tourists already flock to the independently-operated Tokyo Disneyland and Disney Sea resorts, while the Walt Disney Company plans to expand the loss-making Hong Kong Disneyland and is currently building another Disneyland near Shanghai.

source & article: Reuters via Malaysian Insider