New details have emerged surrounding video game giant Nintendo’s partnership with Universal Parks and Resorts, with reports indicating the licensing deal could be the biggest since the theme park operator’s acquisition of the Harry Potter franchise.

Last year, Nintendo president Satoru Iwata outlined an alliance that had been formed between the video games developer and Universal. Following much speculation, however, Japanese Daily Sankei News reports that more than $351m is being invested in a Nintendo-themed area at Universal Studios Japan in Osaka.

According to reports, the new area will utilise Nintendo’s iconic collection of video game characters, which include Super Mario Bros, Zelda and Donkey Kong.

The date of completion for the first phase of the attraction is being targeted to coincide with the 2020 Summer Olympics, which take place in Tokyo.

In related news, Universal Studios Japan kicked off its 15th anniversary celebration in March with the debut of the world’s longest flying coaster.

Jurassic Park: The Flying Dinosaur is the park’s fifth roller coaster, and at 3,688ft long is the world’s longest Bolliger & Mabillard flying coaster, according to the park.