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January 4, 2020

Nansha IFF permanent venue commenced construction

Located at the estuary of the Pearl River, right in the center of Guangdong-Hong Kong-Macao Greater Bay Area, the fourth largest bay area in the world, the International Financial Island project covers an area of 2.27 square kilometers. Nansha district of Guangzhou boasts an advantageous location. With the radius of 100 square kilometers, the greater bay area connects with 11 cities and 5 international airports. Nansha is approximately 38 nautical miles to Hong Kong and 41 nautical miles to Macao.
     Sitting in Pearl Bay, Nansha District, Guangzhou, it is built to be a landmark for serving the Greater Bay area as a conference hall suitable for international conferences. The IFF permanent venue project will have a construction area of 5.7 million square meters. The development is situated the east side of Nansha district. The IFF permanent venue project will provide a wide range of facilities comprising world class convention centers, meeting halls, hotels, serviced apartments and residential areas. An International Competition for Architectural Design of International Financial Island was held in mid-2019. The board of committee selected 18 design firms to join the competition.
     The initial project investment is approximately RMB3.5 billion. Detailed construction plan are being finalized and construction has recently commenced. A series of measures supporting the development of an international financial island in the China (Guangdong) Pilot Free Trade Zone Nansha Area of Guangdong was released by the Nansha district government on
in last October. Jointly developed by Guangzhou, Nansha district and the International Finance Forum (IFF), the island is the first of its kind in China.