Aseana City attracts Qatar investment

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The massive development of Aseana City, a flagship residential and office development on the outskirts of Manila is expected to attract $3 billion of investment over the next five years. The Qatar government has already bought 8,000 square meters of property to set up its new embassy there.

In total, the development undertaken by the Philippine Reclamation Authority covers approximately 204 hectares along Manila Bay for the development of homes, offices, malls, hotels, entertainment venues, business process outsourcing buildings and a yacht club.

One part of the development is designed to bring into one place the various embassies of the 10 ASEAN member nations and other countries, including Qatar. It will also house the Philippine Department of Foreign Affairs.

The developer of Aseana City, Aseana Holdings Inc, is also looking into the viability of developing an offshore airport by reclaiming new land from the sea to ease congestion at the Ninoy Aquino International Airport in Manila and to transform the new Aseana Business Park, part of Aseana City, into a convention and tourism hub.

A number of local and foreign companies are also setting up their business in Aseana City, among them hotel developer Anchorland Holdings, retailer Puregold Inc, as well as Shell, Petron and the British School Group.

Many projects are undertaken as domestic-foreign joint-ventures on a Build-to-Operate basis.

The biggest development Are currently real estate giant Alphaland’s Alphaland Bay City at 32 hectares, which comprises residential housing and a Marina Club. Pagcor E-City is a 60 hectare project envisioned to be the entertainment capital of Asia. It will house hotels, casinos, convention centers and an amusement park.

 

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Reading Time: 1 minute

Click to enlarge

The massive development of Aseana City, a flagship residential and office development on the outskirts of Manila is expected to attract $3 billion of investment over the next five years. The Qatar government has already bought 8,000 square meters of property to set up its new embassy there.

Reading Time: 1 minute

Click to enlarge

The massive development of Aseana City, a flagship residential and office development on the outskirts of Manila is expected to attract $3 billion of investment over the next five years. The Qatar government has already bought 8,000 square meters of property to set up its new embassy there.

In total, the development undertaken by the Philippine Reclamation Authority covers approximately 204 hectares along Manila Bay for the development of homes, offices, malls, hotels, entertainment venues, business process outsourcing buildings and a yacht club.

One part of the development is designed to bring into one place the various embassies of the 10 ASEAN member nations and other countries, including Qatar. It will also house the Philippine Department of Foreign Affairs.

The developer of Aseana City, Aseana Holdings Inc, is also looking into the viability of developing an offshore airport by reclaiming new land from the sea to ease congestion at the Ninoy Aquino International Airport in Manila and to transform the new Aseana Business Park, part of Aseana City, into a convention and tourism hub.

A number of local and foreign companies are also setting up their business in Aseana City, among them hotel developer Anchorland Holdings, retailer Puregold Inc, as well as Shell, Petron and the British School Group.

Many projects are undertaken as domestic-foreign joint-ventures on a Build-to-Operate basis.

The biggest development Are currently real estate giant Alphaland’s Alphaland Bay City at 32 hectares, which comprises residential housing and a Marina Club. Pagcor E-City is a 60 hectare project envisioned to be the entertainment capital of Asia. It will house hotels, casinos, convention centers and an amusement park.

 

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