Mickey MouseMickey MouseMickey Mouse knows how to get around.
Chinese authorities have approved a partnership with The Walt DisneyWalt DisneyWalt Disney Company to build one of its fantasy-themed entertainment parks in the metropolis of Shanghai.
"China is one of the most dynamic, exciting and important countries in the world, and this approval marks a very significant milestone for The Walt Disney Company in mainland China," said Robert A. Iger, Disney president and CEO, on Tuesday.
The Chinese government has approved a preliminary association between Disney and a coalition of Shanghai partners. The consolidated group now plans to proceed toward a final agreement and begin development work, according to a Disney press release.
The potential site has been named in the Pudong district.
Preliminary plans include the signature Magic Kingdom-style park while incorporating characteristics of the Shanghai region.
This is not the first forey into Asia for the big-eared icon. Disney resorts include destination of Hong Kong, China and Tokyo, Japan.
But with offices in Beijing, Shanghai and Guangzhou, this project will be the first Disney compound on the mainland.