Wanda Group to invest $9.4bn to build mixed-use development in China

WCN Editorial Team 2 Sep 2016 ASIA BUILDINGS

Wanda Group has announced plans to invest RMB63bn ($9.4bn) to build the new Jinan Wanda Culture, Sports and Tourism City in Jinan, China.

The 290ha Jinan Wanda City will be Wanda’s 13th culture and tourism project in the country.

The project will include a mall, an outdoor theme park, an ice hockey-basketball stadium, a hotel cluster, and a bar street.

The ice hockey-basketball stadium, with a seat capacity of 10,000, will serve as a basketball and ice hockey court. It will have the capacity to host key international sporting events and will serve professional clubs.

The 42ha outdoor theme park will feature entertainment facilities equipped with advanced technology.

The development will also house three resort hotels — one six-star and two five-star hotels.

The project is expected to break ground in 2017, commence operation in 2021 and create 20,000 jobs in the region.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US



World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2022 GlobalData. All rights reserved.