Current location:sport >>
Sunny Sanya will see a luxury mega complex built
sport36268People have gathered around
IntroductionWith China creating more favorable conditions to drive the opening-up in its Hainan Free Trade Port, ...
With China creating more favorable conditions to drive the opening-up in its Hainan Free Trade Port, DFS Group, a part of French multinational LVMH Group and Shanghai-based Shenya Group will jointly build a mega luxury retail complex within Yalong Bay, Sanya, Hainan province, said senior executives from these two companies.
The 128,000sqm property will consist of the world's largest DFS beauty store and the largest indoor children's playground in Yalong Bay. The project is expected to attract between 16 million and 18 million visitors yearly by 2030 and create lucrative commercial opportunities for Sanya.
Scheduled for completion in 2026, this project is expected to generate more than 1,000 jobs and spur the development of related businesses, including infrastructure, logistics, and hotel and catering services, in the Yalong Bay area, said Nancy Liu, president of DFS China.
Liu said this would be DFS's largest investment project in the Chinese mainland to date, although the total investment amount for this project was not disclosed.
Established in Hong Kong in 1960, DFS's network consists of over 44 stores located in 15 major global airports and 22 downtown locations on four continents, as well as affiliate and resort locations.
The Yalong Bay project demonstrates the confidence of DFS and LVMH Group in the future development of the Hainan FTP and China's luxury retail and tourism market, she added.
Li Zhong, chairman of Shenya Group, said this project will greatly boost Sanya's urban vibrancy and make Hainan the fastest-growing tourism market in China. It will also help attract companies from Europe and the United States to invest in Hainan while strengthening the confidence among countries worldwide in China's continued robust growth.
As the Hainan FTP is scheduled to initiate independent customs operations throughout the whole island by the end of 2025, luxury consumption is expected to grow rapidly in Hainan, according to a research report of Guotai Junan Securities.
For instance, Louis Vuitton launched its new boutique at the second phase of the duty-free shopping complex in Haitang Bay, Sanya, in late October.
Meanwhile, two key construction projects in Hainan - the expansion of the third phase of Sanya Phoenix International Airport and the expansion of Qionghai Boao Airport - started in late November. The projects are foreseen to help guarantee the rapid growth of Hainan's air travel market.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“International Inklings news portal”。http://juandenovaisland.cumberland-sausage.net/article-01c499903.html
Related articles
Red Lobster seeks bankruptcy protection after closing some restaurants
sportRed Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn ...
【sport】
Read moreKaifeng: Ancient Capital of Eight Dynasties
sportContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【sport】
Read moreDream Maker in Rice Fields
sportContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【sport】
Read more
Popular articles
- Ship that caused Baltimore bridge collapse has been refloated
- Caring for Cranes Meticulously
- Kaifeng: Ancient Capital of Eight Dynasties
- Peking Opera Costumes: A Display of History, Culture and Fine Craftsmanship
- Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
- Real Madrid's Bellingham banned for two games
Latest articles
LINKS
- 9 killed in northwest China's traffic accident
- China discloses tasks of Shenzhou
- China to establish national park at Qinghai Lake
- Inside Anne Robinson and Andrew Parker Bowles' unlikely romance
- Inside Anne Robinson and Andrew Parker Bowles' unlikely romance
- Dodgers demote struggling OF James Outman to the minors as part multiple roster moves
- Millennium
- Chinese courts resolve more disputes through pre
- AG600 large amphibious aircraft advances toward certification
- Judge pushes decision to next week on Alec Baldwin's indictment in fatal 2021 shooting