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Chinese entertainment and real estate company the Dalian Wanda Group, has signed an agreement to invest 63 billion yuan (US$9.45 billion) to build a culture, sport and tourism complex in Jinan, Shandong Province.

Planned as Wanda’s 13th super culture and tourism project in China, Jinan Wanda City will be the first Wanda project to feature sporting facilities with plans for a 10,000 seat indoor arena for an ice hockey and basketball stadium.

Set over 290 hectares, the arena will be in addition to a retail mall, outdoor theme park, an aquarium and several hotels as well as a large entertainment and dining precinct. Other recreation and sport offerings will include hiking, outdoor extreme sports, bicycle trails and football training.

The theme park will be located on a 42 hectare site and will reference Qi-Lu culture with attractions including a Tai Mountain-themed, multi-layer, breaking rail, multimedia roller oaster and the world’s only full-scene dome-screen cinema.

Jinan Wanda City is planned to break ground in 2017 and start operation in 2021 when it is expected to attract over 20 million tourists and create 20,000 jobs.

Dalian Wanda is headed by Chinese billionaire Wang Jianlin, who commented “Jinan Wanda City is projected to lift the culture, sports, tourism facility level of Jinan to a world-class level and make it a global tourism attraction destination, and become the new engine for the transformation and upgrade of Jinan.”

In May, Dalian Wanda opened Wanda World in the south-eastern city of Nanchang

Image: Wanda Group and Jinan city officials at the signing ceremony for Jinan Wanda City.

27th July 2016 - WANDA GROUP AIMS TO TRIPLE ENTERTAINMENT AND SPORT REVENUE BY 2020

28th May 2016 - WANDA WORLD THEME PARK OPENING THE FIRST OF 15 IN CHINA

23rd May 2016 - DALIAN WANDA HEAD SLAMS DISNEY SHANGHAI RESORT

21st March 2016 - WANDA GROUP PARTNERS WITH FIFA

8th January 2016 - WANDA’S LEGENDARY ENTERTAINMENT ACQUISITION LEADS TO JURASSIC WORLD THEME PARK SPECULATION

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