Walt Disney Co., the second-biggest U.S. media company, said it will begin construction in January on its $2.9 billion Hong Kong Disneyland theme park. The park, scheduled to open as early as 2005, will create about 18,000 jobs, Walt Disney Co. said. The park, scheduled to open as early as 2005, will create about 18,000 new jobs and draw as many as 5.6 million visitors in its first year, Disney said. It may also have to contend with a similar park Chinese media say Disney is discussing with the government of Shanghai, just three hours flight from Hong Kong.
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