Amcham South China Brings Paramount Parks to Guangzhou, Shenzhen to Build Hollywood China Dream City

Total investment of the project is expected to exceed $10 billion

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Sep 21, 2015, 07:10 ET

GUANGZHOU, China, Sept. 21, 2015 /PRNewswire/ -- The Hollywood China Investment Group, which has the exclusive right to Paramount Parks in China, brought by the American Chamber of Commerce in South China (AmCham South China) arrived in Guangzhou last night and kicked off their three-day visit in Guangdong Province aiming at inspecting sites for its Hollywood China Dream City and Paramount Parks project. The delegation met with leaders from Guangzhou Municipal Commission of Commerce this morning and will visit some possible sites for inspection.

AmCham SouthChina President Harley with wife meet with investor Representatives from Hollywood China Dream City (from left to right: AmCham South China President Harley Seyedin, President Harley's wife Ms. Sun Hui, Dr. Demos Vardiabasis, Chairman of Board of Hollywood China Investment Group, Ms. Sussy Huang, Executive Vice Chairman of Hollywood China Investment Group, Paramount Theme Parks Greater China, Mr. Steve Wang, Executive President of Guangdong Fujian Chamber of Commerce.)

The delegation is led by Dr. Demos Vardiabasis, the Founding Chairman of California Entertainment & Tourist Committee, and the Chairman of Board of Hollywood China Investment Group. Dr. Demos Vardiabasis has been working to bridging communication and cooperation on cultural creativity industry between U.S. and China for years. Cooperating with Paramount Pictures, Paramount Parks, MESA, HITS, and other leading companies in Hollywood advance visual technologies, the Hollywood China Investment Group led by Dr. Demos Vardiabasis initiated the Hollywood China Dream City and Paramount Parks project, total investment of which is expected to reach 10 billion USD in 3 phases.

It is reported that Paramount Parks is the world's third largest theme park after Disney World and Universal Studios. Established in Florida, USA 15 years ago, currently employs 27,000, Paramount Parks receives 14 million visitors every year. Due to popularity, Paramount Parks is planning another 5 parks and 3 themed experiences around the world.

President Harley said: "Hollywood film producing giants are paying more attention to the Chinese market and Chinese elements are well received by the hollywood films. The Hollywood China Dream City and Paramount Parks project will benefit the multi-area, mid-long term communications and interactions between US and Chinese government and people. The project will also accelerate the development of cultural industry in China. If built in Guangdong province, the project will help the province to strengthen its position in the global cultural and tourism industry and lay solid foundation for internationalization of film and cultural industry.

On 22nd, the delegation will meet with leaders from Shenzhen municipal government and visit pastoral scenery and tourist area in Shenzhen.

About The American Chamber of Commerce in South China

The American Chamber of Commerce in South China (AmCham South China) is a non-partisan, non-profit organization dedicated to facilitating bilateral trade between the United States and the People's Republic of China. Certified in 1995 by its parent organization, the U.S. Chamber of Commerce in Washington, D.C., AmCham South China represents more than 2,300 corporate and individual members, is governed by a fully-independent Board of Governors elected from its membership, and provides dynamic, on-the-ground support for American and International companies doing business in South China. In 2014, AmCham South China hosted nearly 10,000 business executives, government leaders and journalists from around the world at its briefings, seminars, committee meetings and social gatherings.

Photo - http://photos.prnewswire.com/prnh/20150921/CN06926

SOURCE AmCham South China