Far Cry 3 is the upcoming sequel to the Far Cry 2 (2008). The sequel is currently in the pre-alpha stages of development.
Far Cry 3 takes place on a tropical island found somewhere at the intersection of the Indian and Pacific Oceans. However, Patrick Redding, a Ubisoft story designer, mentioned that an Antarctic setting is a possibility for future games. The main goal of the game is to escape from the islands (as there will be more than one, mentioned by Dan Hay) and its crazed inhabitants.
Far Cry 3 will be based on DUNIA Engine.
The DUNIA Engine for Far Cry 3 will be a heavily modified DUNIA Engine that was originally used for Far Cry 2.
Listen to the Far Cry 3 Producer Dan Hay @ Ubisoft’s Official Far Cry 3 Site