LONDON, April 9 (Xinhua) -- Downing Street announced on Wednesday that Universal has agreed to a multi-billion-pound investment to build a new Universal theme park and resort in the town of Bedford near London.

The attraction, expected to open in 2031, will be Universal's first theme park in Europe.

According to Downing Street, the project will create nearly 20,000 jobs during the construction phase and generate an additional 8,000 jobs across the hospitality and creative industries once the park is operational.

Universal stated that the site is projected to contribute nearly 50 billion pounds (about 64 billion U.S. dollars) to the British economy by 2055, with 8.5 million visitors anticipated in its first year. It is expected to become the largest visitor attraction in Britain.

British Prime Minister Keir Starmer described the project as a demonstration of "Britain's Plan for Change in action," emphasizing that it is about delivering real opportunities for people and maintaining a strong, competitive economy.

Mark Woodbury, chairman and CEO of Universal Destinations & Experiences, said bringing the theme park and resort to Britain is part of Universal's broader strategy to expand its brand and experiences to new global audiences.

The theme park will showcase Universal's signature attractions and entertainment. Initial resort plans include a 500-room hotel along with retail, dining and entertainment venues. Enditem

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