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Wanda to build 3.5-bln-yuan shopping complex in Xinjiang
http://www.ecns.cn/business/2015/12-19/193069.shtml
Dec 19th 2015, 05:01
Wanda Group will build a shopping complex in downtown Urumqi, capital of west China's Xinjiang Uygur Autonomous Region, it announced on Friday.
The shopping complex, with an investment of 3.5 billion yuan (540 million U.S. dollars), will be developed in partnership with Urumqi-based Doowin Group and is expected to open for business in 2017.
The complex will feature a shopping mall, IMAX cinemas and restaurants. More than 50 international retailers including Uniqlo, Watsons, Starbucks and McDonald's will have shops in the complex, 30 of which will be their first outlets in Xinjiang, according to Doowin.
The new shopping complex marks Wanda's continued expansion into Xinjiang after investing 10 billion yuan last year to develop a complex of hotels, shopping malls and other entertainment venues in Urumqi Economic and Technological Development Zone.
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