Current location:style >>
Sunny Sanya will see a luxury mega complex built
style72People 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.“Culture Circuit news portal”。http://barbados.cassettedesign.com/news-67e099881.html
Related articles
Strictly star Giovanni Pernice's former partner Rose Ayling
styleGiovanni Pernice has been dealt a fresh blow after friend and former Strictly dance partner Rose Ayl ...
【style】
Read moreChina Mulls Recognition of 18 New Professions
styleContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【style】
Read moreHong Kong Palace Museum Holds Opening Ceremony
styleContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【style】
Read more
Popular articles
- Russian theater director and playwright go on trial over a play authorities say justifies terrorism
- China Goes All out to Bolster Employment for College Graduates in Record Year
- Celebratory Atmosphere Ahead of 25th Anniv. of Hong Kong's Return to Motherland
- China Releases National Standards for Digital Textbooks in Primary, Middle Schools
- Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
- China Unveils Shenzhou
Latest articles
Ricky Stenhouse punching Kyle Busch could lead to suspension
New Teaching Resources Expected to Foster Passion for Chinese History in HKSAR Secondary Schools
Beijing 2022 Venue 'Ice Ribbon' Opens to Public
'Les Choristes' for Left
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
Nation to Promote Free HPV Vaccinations in More Regions
LINKS
- Chinese premier holds talks with Dominican PM
- China's Mohe Develops Various Winter Tourism Programs
- North China's Flower Economy Booms Ahead of Spring Festival
- Festive Events Highlight New Year Celebrations in Macao
- China's Xizang to Raise Educational Subsidy Standard
- People Across China Have Family Reunion Dinners on Chinese Lunar New Year's Eve
- World Insights: Youth, Education Exchanges 'Big Part of Way Moving China
- China's top political advisor meets Nepal's FM
- Schools in Quake
- China's Xizang to Raise Educational Subsidy Standard