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Following months of delay, Genting Singapore has finally broken ground for upcoming Resorts World Jeju project in South Korea.
The ceremony was attended by Governor of Jeju Special Self-Governing Province, Mr Won Hee-Ryong.
Image (Right): CEO of Resorts World™ Jeju, Mr Jay Lee, addressing approximately 500 guests at its groundbreaking ceremony on 12th February 2015.
Slated to open progressively in 2017, Resorts World Jeju (RWJ) is set to become South Korea’s largest integrated resort, with premium leisure and entertainment facilities spanning across a land area of approximately 2.5 million square metres. According to RWJ, the project will contribute to Jeju’s goal of 15 million tourists by 2018, and create thousands of job opportunities mostly for locals.
“RWJ will engage and work closely with the local business community during the construction phase and after the opening,” said Genting Singapore’s Executive Chairman, Tan Sri Lim Kok Thay.
Artist’s impression of Resorts World Jeju
The US$1.8 billion ($2.4 billion) development will house Jeju’s largest family theme park of more than 20 rides and attractions and the island’s largest adventure waterpark. According to Genting Singapore, its premium hotels will have more than 2,000 rooms, boasting luxury villas, Jeju Island’s first 6-star hotel and a destination spa.
“In addition, there will be gaming entertainment, cultural facilities, leisure and entertainment amenities, as well as approximately 1,500 luxury serviced apartments and residential villas,” it said.
Resorts World Jeju is expected to be completed by 2019.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg.
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