Nintendo and Universal Studios will open a new Nintendo-themed area in Universal Studios Japan before 2020 that is set to cost over $433 million.

Dubbed Super Nintendo Land, the area will feature rides, attractions, shops and restaurants all themed around Nintendo characters.

Big plans

Three are planned to be built – the first in Universal Studio Japan, with two more in Universal's Orlando and Hollywood locations.

The Japan location is expected to be completed in time for the 2020 Tokyo Olympics. It is hoped the theme park as a whole will boost Japan's economy by $100 billion and create 1.1 million jobs within a decade of the opening of Super Nintendo Land.

It's a serious investment on Nintendo's behalf, which saw revenues drop 33% year-on-year in the first half of its FY16 financials.