Current location:style >>
Sunny Sanya will see a luxury mega complex built
style11612People 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 Insight news portal”。http://turkmenistan.barryexit.org/news-45e899915.html
Related articles
Children are evacuated from school 'during an exam' after threat made via email
styleChildren have been evacuated from a school with Year 11 students told to leave mid-exam after a thre ...
【style】
Read moreUpdate: China's Tianwen
styleThe black and white image taken by an obstacle avoidance camera installed in front of the rover of C ...
【style】
Read moreChina launches space
styleA Long March-2D carrier rocket carrying the Advanced Space-based Solar Observatory (ASO-S) blasts of ...
【style】
Read more
Popular articles
Latest articles
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
Mars probe Tianwen 1 leaves Chinese mark on red planet
China gathers pace in integrating new technologies into transportation sector
China sets up expert advisory committee for lunar samples
Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
China's mobile phone shipment tops 33 mln in January
LINKS
- Two suspects arrested in fatal shooting on Delaware college campus are not students, police say
- How Queen Mary could look to Queen Silvia: King Carl Gustaf and his wife's 47
- California reports the first increase in groundwater supplies in 4 years
- Former Alabama star player, athletic director Hootie Ingram dies at age 90
- I was sent an explicit photo by a stranger on my birthday so I took hilarious revenge on him
- I'm jealous of my husband's dead ex
- Suspect in custody after video recorded him appearing to steal a police vehicle amid gunfire
- Fraternity removes member for ‘racist actions’ at Ole Miss
- DJ Chark Jr. signs with the Los Angeles Chargers
- A US company is fined $650,000 for illegally hiring children to clean meat processing plants