By Ed Attwood
Dubai developer to export equine industry knowledge to Asia’s biggest economy.
Dubai master developer Meydan has entered into joint venture with two Chinese and one Malaysian firms to build a gigantic ‘horse city’ that will employ around 10,000 near the city of Tianjin, in China.
Tianjin Horse City will be composed of a host of equestrian facilities – including a $1.5bn college and a feedstuff plant – as well as luxury hotels with a capacity for 3,600 guests, and commercial and residential units to accommodate 20,000 people.
Also included are a horse auction market, a quarantine centre and, potentially, a racing field.
A Meydan spokesperson confirmed to Arabian Business on Sunday that the total cost ofTianjin Horse City is estimated at $4bn, although it has not been revealed how much of that sum will be contributed by the Dubai firm.
The joint venture is designed to help China develop its equine industry and promote commercial horse racing.
Meydan, which played host to the $10m Dubai World Cup at its new $2.7bn racecourse on Sunday, will jointly manage the project in conjunction with TAK Design Consultants (Malaysia), Zhouji Jiye and Tianjin Farm Group ( both China).
Work on the project will begin in May, and is scheduled for completion in December 2015, with the bulk of construction work to be finished by the end of 2013.
Impressive but as pointed in my blog at http://jaykeumarezz.wordpress.com/ several key facts and a sound rationale for the project are missing...