The future of a deal signed between Disney and the Hong Kong SAR government in late 1999 fell under a shadow in July this year when officials from the thriving Shanghai revealed they were holding negotiations with Disney for a similar project.

But, according to Disney spokesperson Marie Garvey, Wednesday's event should be seen as evidence of the company's dedication to the Hong Kong project.

"What you see here today is an illustration of the company's commitment to Hong Kong. Hong Kong is the theme park flagship in China and our priority and focus is here," she said.

A Shanghai Disneyworld is seen as threatening the success of Hong Kong as a key group of potential visitors from Chinese mainland is expected to make up at least a third of the more than 5 million visitors expected each year. Many mainlanders would find it cheaper and more convenient to go to a Shanghai Disney than one in Hong Kong.

Garvey confirmed Disney was still looking increasing its presence on the Chinese mainland, but that the Hong Kong park would remain its flagship.

"We have said from the beginning of this project that two parks and two destinations in China are a possibility in the future, but our priority ... is opening Hong Kong Disneyland in 2005-06, and at this time we have made no definitive decision about (Shanghai) whatsoever." Garvey said.

(China Daily October 17, 2002)