Beijing sinks 1 billion USD in deluxe hotel

17:27, January 06, 2011      

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The Khalifa Tower in Dubai of United Arab Emirates was officially opened on Jan. 4, 2010.
At a height of 828 meters, it was the tallest man-made structure ever built.(Photo by Xinhua)

The Mentougou district of Beijing, China's capital city, confirmed yesterday it would invest a sum of at least 1 billion euros (about 1.3 billion U.S. dollars) in a cooperative seven-star world-class deluxe hotel project with Saudi Arabia.

Wang Hongzhong, chief official of the Mentougou district, said that basic graphics and planning of the seven-star hotel were ready. It has been designed as a stream-lined building like the Khalifa Tower in Dubai.

The hotel will also be equipped with luxurious facilities, the official said.

The hotel is planned to be located at the end of Chang An avenue, a long major avenue that runs across Tiananmen Square. It will become the new landmark building of the Mentougou district after its completion.

By Li Mu, People's Daily Online


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