Retail in Asia

In Shops

Shanghai’s Pudong plans shopping malls near 2 big projects

The Pudong New Area in Shanghai plans to build more shopping areas around the sites of Disneyland and the jumbo jet assembly base to tap the expected huge volume of visitors and workers who will flock there.

By 2015, Pudong’s commercial development will centre on the district’s southern area, or the former Nanhui District, where the two projects are located, government officials said on Wednesday.

Pudong aims to add more than 3.5 square kilometres of commercial facilities over five years, including a 130,500-square-metre area near the Disneyland theme park. Pudong aims to raise by 20 percent annually the sales of retailers to CNY1.59 trillion (USD251.5 billion) by 2015.
 

(Source: Shanghai Daily )