{"id":1004119130,"date":"2015-05-11T06:12:18","date_gmt":"2015-05-11T14:12:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004119130"},"modified":"2020-05-13T02:36:29","modified_gmt":"2020-05-13T10:36:29","slug":"international-dalian-wanda-to-invest-big-in-developments-across-province-of-sichuan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-dalian-wanda-to-invest-big-in-developments-across-province-of-sichuan\/","title":{"rendered":"International: Dalian Wanda to Invest Big in Developments Across Province of Sichuan"},"content":{"rendered":"<p><i>By Ioana Neamt, Associate Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Wanda-Plaza-Beijing-CBD.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004119132\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-dalian-wanda-to-invest-big-in-developments-across-province-of-sichuan\/wanda-plaza-beijing-cbd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Wanda-Plaza-Beijing-CBD.jpg\" data-orig-size=\"500,290\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Wanda Plaza Beijing CBD\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Wanda-Plaza-Beijing-CBD.jpg?w=500\" class=\"alignright size-medium wp-image-1004119132\" alt=\"Wanda Plaza Beijing CBD\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Wanda-Plaza-Beijing-CBD.jpg\" width=\"300\" height=\"174\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Wanda-Plaza-Beijing-CBD.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Wanda-Plaza-Beijing-CBD.jpg?resize=300,174 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/i><\/p>\n<p>Dalian Wanda Group, one of China\u2019s largest property developers and the world\u2019s largest cinema chain operator has announced plans to invest 162 billion yuan (more than $26 billion) in developments across the Sichuan province.<\/p>\n<p>According to a news release, the Beijing-based company signed a strategic cooperation agreement with the Sichuan Provincial People\u2019s Government on April 24. Wanda plans to bring its total investment in the region to 225 billion yuan (more than $36 billion), with the development of 21 Wanda Plazas and other cultural and commercial projects.<\/p>\n<p>CEO &amp; founder of Dalian Wanda Group, Wang Jianlin &#8211; a Sichuan native &#8211; explained that the company\u2019s main focus will be to develop Wanda Plazas in third and fourth-tier cities, aiming to boost local economies and generate tax revenues. The Wanda Plaza urban concept is a mixed-use development that combines a large commercial center with office and residential buildings, as well as five-star hotels.<\/p>\n<p>Wanda Group is also planning to invest in the development a Wanda Cultural Tourism City, a high-end international medical center, a cloud computing base, as well as other commercial projects in Sichuan\u2019s capital city of Chengdu.<\/p>\n<p>\u201cWe estimate that over 300,000 jobs will be created from the projects we have signed in Sichuan,\u201d said Jianlin in the release. \u201cAs a businessman from Sichuan, I\u2019m proud of the development happening here.\u201d<\/p>\n<p>The Chinese company is also working on its first-ever project in the U.S., the Studio Gang-designed <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/chicago\/jeanne-gang-designed-skyscraper-could-become-chicagos-third-tallest\/1004117744.html\">Wanda Vista Hotel &amp; Residences proposed for Chicago\u2019s Lakeshore East<\/a>. If completed, the $900-million mixed-use development would become Chicago\u2019s third tallest building.<\/p>\n<p>Wanda CEO Wang Jianlin is currently the richest man in China, <a href=\"https:\/\/www.forbes.com\/sites\/russellflannery\/2015\/05\/03\/real-estate-billionaire-wang-jianlin-is-back-on-top-as-chinas-richest-man\/\" rel=\"nofollow\">according to Forbes Magazine<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of China\u2019s largest property developers says it is aiming to boost local economies and generate tax revenues with its latest enormous investment.<\/p>\n","protected":false},"author":192,"featured_media":1004119132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,16,21783,21754,21742],"tags":[],"class_list":["post-1004119130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-international","category-investment","category-medical-office","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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