Development

Timeshare Group signs development deal in Chengdu

By Huang Zhiling (China Daily Sichuan Bureau)
Updated: 2011-03-11 17:13

CHENGDU: The government of Wenjiang District in the capital of Southwest China's Sichuan province has signed an agreement with Timeshare Group to establish the Jinbao Headquarters Economy Park in the district.

According to the agreement, the 6-billion yuan deal will be located at Wenjiang Guanghua Modern Service Functional Community in Wenjiang, within the core area for development of the modern service industry in Chengdu.

The group's hefty investment is expected to boost development of the modern service sector in the city, said Tian Ping, an official with the Wenjiang district government.

Timeshare Media, which is under the group, is one of the largest outdoor media operators in the country, whose client includes Microsoft and Nokia, and its investment in Chengdu will further help develop advertising in the city and other parts of western China, Tian said.