Conceptual artwork courtesy EuropaCity. Signing ceremony photo courtesy Wanda Group.
Beijing, China and Paris, France (February 27, 2016) — On February 26, 2016, Wanda Group and French company Auchan Group signed an agreement in Paris. Under the agreement, both parties will co-invest in the large integrated cultural, tourism and commercial EuropaCity project in Paris. Francois Hollande, the President of France, met with Chairman Wang Jianlin, congratulating Wanda Group on its major project investment in Paris.
The project is located next to the Charles de Gaulle Airport in the northeast, nearly 10 kilometers from downtown Paris. It covers 80 hectares, a total floor area of 760,000 square meters and a total investment of EUR 3 billion, featuring an indoor and outdoor theme park, a large stage show, hotels, a business center and a conference center. It is the largest single investment project in Europe to-date, the largest project investment in France made by a Chinese company, and a key development project affirmed by French and Parisian Government, which is of important strategic significance. Upon completion, the project will become a new cultural tourism landmark in Europe.
20,000 people will be employed during construction & development, with 14,000 jobs to be created once it begins operation, making the project the largest livelihood project in France.