The long awaited Jurassic Park 4 will be directed by little-known director Colin Trevorrow, Universal Pictures has said.
Trevorrow, 36, made his feature film directorial debut in 2012 with the time travel comedy, Safety Not Guaranteed.
Steven Spielberg, who directed the first two instalments of the lucrative $1.9bn (£1.26bn) dinosaur franchise, will executive produce the fourth film.
The movie – which will be made in 3D – is due for release in June 2014.
Spielberg announced in 2011 that Jurassic Park 4 was in development, much to the delight of fans who will have waited 13 years when the fourth film hits the big screen.
Universal has given no other details regarding its cast or plot, however it will be written by Rise of the Planet of the Apes screenwriters Rick Jaffa and Amanda Silver.
Jurassic Park and The Lost World Jurassic Park took $914.7m (£604.7m) and $618.6m (£409m) when they were released in 1993 and 1997 respectively.
Jurassic Park III, helmed by Captain America director Joe Johnston, was released in 2001, but its $368m (£243.3m)global box-office takings failed to match those of the first two films.
Jurassic Park will be rereleased in US cinemas in 3D in April to celebrate its 20th anniversary.
Trevorrow’s independent comedy, Safety Not Guaranteed, featuring Mark Duplass as an eccentric inventor who is seeking to travel back in time, was shown at the 2012 Sundance Film Festival.
Aubrey Plaza and Jake Johnson co-starred in the film, which also earned a best first screenplay award and nomination for best first feature at the Independent Spirit Awards.
The young director had previously only made a TV movie and documentary.