Friday, 03 December 2021 06:56 GMT

Developer to invest 50 billion yuan in Guizhou province


(MENAFN- Asia Times) Chinese real estate developer Greenland Holdings is intending to invest 50 billion yuan (US$7.53 billion) to help alleviate poverty in Zunyi city, Guizhou province, The Paper reported.

The developer has signed a strategic cooperation with the municipal government located in southwest China, aiming to launch projects involving big infrastructure, finance, conference and exhibition, culture and tourism, as well as hotel.

The cooperation aims to promote the city to accelerate the construction of the "three clusters and three centers," which refers to the leisure travel cluster, financial cluster, big data service cluster, as well as commercial logistics, convention and cultural centers.

In the Xinpu New District, the developer will also invest 16.7 billion yuan to build the Luhu International Cultural and Ecological Tourism Resort, which involves a boutique hotel cluster, international art and cultural exchange center, and an original ecological holiday experience center.

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