Fox announces details of Twentieth Century Fox World theme park

Disney and Universal will soon be up against some stiff competition in the theme park world.

Twentieth Century Fox has unveiled details of its much-anticipated park, set to open in Malaysia in 2016.

Named Twentieth Century Fox World, the park will be located at the Resorts World Genting, a casino, hotel and amusement park complex located about an hour outside Kuala Lumpur.

Twentieth Century Fox executives and developers of the project said that the 25-acre park will feature over 25 rides and attractions from Fox movies like "Ice Age," "Rio," "Night at the Museum," and "Planet of the Apes."

The new theme park, estimated to cost more than $300 million, is the first for the brand and banks on the idea of the growing demand for theme parks with a movie-fantasy appeal.

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“The opening of the first Twentieth Century Fox World theme park at Resorts World Genting takes our rich history of storytelling to a whole new level and will provide an exceptional entertainment experience,” said Jeffrey Godsick, President of Twentieth Century Fox Consumer Products.

Fox also released a sketch of a family "Ice Age"-themed roller coaster ride.

Asia is home to other major theme parks, including Legoland in Malaysia, Universal Studios in Japan and Disney in Japan, Hong Kong and another under construction in Shanghai to open in 2015.