Here are Asia Pacific’s five largest leisure and hospitality building construction projects that were initiated in Q4 2021, according to GlobalData’s construction projects database.
1. Huai’an Water Rhyme Changhuai Hotel – $126m
The project involves the construction of a Chinese-style hotel in the Hongze District of Huai’an, Jiangsu, China.
Construction work started in Q4 2021 and is expected to be completed in Q2 2024.
The purpose of the project is to provide leisure facilities to attract tourists to the region.
2. State Basketball Centre Expansion – $94m
The project involves the expansion of the State Basketball Centre in Wantirna South, Melbourne, Victoria.
Construction work commenced in Q4 2021 and is expected to finish in Q2 2023.
The centre will be a megabase for Basketball Victoria, Deakin Melbourne Boomers (WNBL), South East Melbourne Phoenix (NBL), Basketball Australia and one of Australia’s largest basketball associations, Knox Basketball Inc.
3. Termez International Trade Center – $75m
The project involves the construction of International Trade Center on a 26ha land in Termez, Surxondaryo, Uzbekistan.
Construction work started in Q4 2021 and is forecast to complete in Q4 2022.
The aim of the project is to build the buildings of the center with lightweight structures, attract regional entrepreneurs to service the center and export, as well as create all the necessary conditions for foreign business people.
4. Whitehorse Performing Arts Center Redevelopment – $39m
The project involves the redevelopment of the Whitehorse performing arts center in Melbourne, Victoria, Australia.
Construction work commenced in Q4 2021 and is expected to be completed in Q4 2023.
The project aims to provide better leisure and hospitality facilities in the region.it will create 320 construction jobs.
5. URBNSURF Sydney Wave Park – $39m
The project involves the construction of a wave park on 3.6ha area at Sydney Olympic Park in Sydney, New South Wales, Australia.
Construction work started in Q4 2021 and is expected to be completed in Q1 2023.
Sydney’s 200,000 plus surfers will have another option available to them, day and night, year-round, within a short distance of the Sydney CBD.
Methodology: This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.