Current location:Worldly Web news portal > entertainment
Sunny Sanya will see a luxury mega complex built
Worldly Web news portal2024-04-30 15:07:25【entertainment】2People 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.
Address of this article:http://navassaisland.mybodyonelife.com/content-34f799937.html
Very good!(59)
Related articles
- China to hold first space cooperation forum with LatAm, Caribbean countries
- Organizations Continue Strengthening Cooperation on Protection of Women's Rights, Interests
- Wenzhou Organizes Family Related Activity
- CWDF, Federation Hold Vegetable
- Beijing improves services to facilitate film and television projects
- China Unveils Regulation on Boosting Development of Self
- Chinese President Appoints New Ambassadors
- CCTF Awarded Exemplary Institution of the Year 2023
- Paramount Global's Bob Bakish is stepping down as CEO
- CWDF, Federation Hold Vegetable
Popular articles
Recommended
Seattle Kraken fire coach Dave Hakstol after leading the franchise for its first 3 seasons
Xi Meets S. Korean President Yoon Suk
Interview: China's new quality productive forces bring new opportunities for foreign investors
Xi Meets German Chancellor Olaf Scholz
Analysis: The NHL playoffs are off to an odd start, from the net out
China to Create New Opportunities for the World with Its Own Development: Xi
Xi to Address 5th CIIE Opening Ceremony via Video, Speech to Be Broadcast Live
Xi Sends Congratulations to Gala Dinner of National Committee on U.S.
Links
- Pan Zhanle wins two golds in China National Swimming Championships
- Chinese pickle spices up export hopes with Mexico
- Chinese premier stresses consolidating achievements in poverty alleviation
- China's job market stable
- Dubai plans to move its busy international airport to a $35 billion new facility within 10 years
- Chinese premier stresses consolidating achievements in poverty alleviation
- World benefits from greater China
- Music Review: Anitta welcomes listeners into her 'Funk Generation' on new album
- China sees 3.67 bln domestic tourist visits in first 3 quarters
- China opens 829 sites providing free pneumoconiosis treatment