Current location:Worldly Winds news portal > world
Sunny Sanya will see a luxury mega complex built
Worldly Winds news portal2024-05-21 16:03:37【world】3People 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://slovenia.afischerphasedrives.com/news-01d799903.html
Very good!(82)
Related articles
- Target to lower prices on basic goods in response to inflation
- SW China's Guizhou awash in fragrant spring blossoms
- Marinos see off Shandong to seal first ACL semis
- Middle school students participate in Model UN conference in Qingdao
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- Moment Meghan Markle asks woman not to pose next to Prince Harry for Polo prizegiving photo
- Prince Harry in legal setback about security protection in UK
- DeForest Buckner and the Colts have agreed on a $46 million, 2
- Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
- Nyingchi greets peach blossoms
Popular articles
Recommended
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
Qinghai Lake starts to thaw
Following the patterns of history
Nyingchi greets peach blossoms
Siblings trying to make US water polo teams for Paris Olympics
DeForest Buckner and the Colts have agreed on a $46 million, 2
Tweaking the taste of spring
Blinken assures US support of Black Sea allies as Ukraine urges military aid during conference
Links
- Children Visit Beijing Auto Museum During Winter Vacation
- SW China's Yunnan Observes Tourism Boom in Winter
- China's Slow Trains Ensure Smooth Trips During Spring Festival Travel Rush
- Bridesmaids
- Maglev Sightseeing Express Line Boosts Tourism in Fenghuang Ancient Town
- Measures Taken to Ensure People's Well
- Unique Party Held for Upcoming Tibetan New Year
- Silk Flowers Help Local Women Gain Employment in Hebei
- Movies Featuring Women's Strength Popular in China's Cinema
- Push for More Parental Care Leave Gathers Pace