Just hours after China’s second richest man Jack Ma purchased a sprawling wine estate in Bordeaux the man above him in the Chinese billionaire ranks has also invested in France.
Through his company Dalian Wanda, the ubiquitous Wang Jianlin has invested heavily in what is set to be the largest private project for leisure, culture, retail and entertainment in Europe, according to news agency «Bloomberg».
Located between Paris and the Charles de Gaulle international airport EuropaCity is a unique French national interest project, supported by 3.1 billion euros in private investment, it is due to open in 2024.
Wang signed a partnership agreement in the presence of Jean-François Carenco, prefect of the Île-de-France region, to develop this major project of Greater Paris.
Most Importan Project Outside China
The Dalian Wanda Group Corporation will contribute to the funding of the project and will provide its expertise and know-how in terms of leisure, hotel service and entertainment.
«We have wanted to develop ourselves in France for a while, and particularly in Paris, as I had told the French President during his visit to China last November. For us, it is the most important project outside of China,» said Wang Jianlin.
