Wanda Group and Guilin government sign Wanda Cultural Tourism project agreement

The Wanda Group signed an agreement on December 15 with the municipal government of Guilin to build a mega cultural tourism project in this South China tourist city.

Guangxi Zhuang Autonomous Region Chairman Chen Wu and Wanda Group Chairman Wang Jianlin attended the signing ceremony.

The 24-billion-yuan Guilin Wanda Cultural Tourism City is the largest cultural tourism investment in Guangxi to date.

Of the total investment capital, 15 billion yuan is to be allocated towards cultural tourism projects. The 88-hectare city will combine functions of culture, tourism, commercial and hotel. It will be divided into six zones, namely the super large Wanda Mall, large outdoor theme park, hotel cluster, large stage show, bar street and a luxury yacht marina. The Wanda Mall is an indoor facility housing an indoor theme park, a film technology park, a large cinema, an indoor ice-skating rink, a shopping center, etc.

The design of the project is embedded with Guangxi local culture. It imported the world's most advanced large entertainment facilities. The five holiday hotels will be build along the Lijiang River while the bar street will feature more than 20 famous bar brands from China and abroad. The yacht dock will have 10 berths.

The Guilin Wanda Cultural Tourism City will begin construction in the second half of 2014 and open to the public in 2017. Upon completion, it will create 20,000 job opportunities and contribute over 400 million yuan per year in taxes with expected annual revenue of 3 billion yuan.

The Guilin Wanda Cultural Tourism City will accelerate the transformation and progression of the tourism industry in Guilin and even the whole Guangxi, raising Guilin to a world-famous cultural tourism city with world-class cultural, tourism and commercial facilities, said Wang Jianlin at the ceremony.