Universal’s Epic Universe will be the single largest investment made by owners Comcast NBC Universal in Florida and in its theme park business.

It features an entertainment centre, hotels, shops, restaurants and more, and will be located in a 750-acre site. It will also double the size of Universal’s total footprint in Central Florida.

The site will be located “just a few miles” from the existing resort in Southwest Orange County, south of Sand Lake Road and east of Universal Boulevard.

Brian L Roberts, chairman and chief executive of Comcast Corporation, said: “It reflects the tremendous excitement we have for the future of our theme park business and for our entire company’s future in Florida.”

Tom Williams, chairman and chief executive of Universal Parks & Resorts, added: “Our vision for Epic Universe is historic. 

“It will build on everything we have done and become the most immersive and innovative theme park we have ever created. 

“It is an investment in our business, our industry, our team members and our community.”