South Zone – Issue 63

South Zone – Issue 63

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++dragonmart++ Dragon Mart will contribute with US$700 million to Quintana Roo’s economy

Mexico City.- Dragon Mart project is expected to contribute with US$700 million to trade and services in Quintana Roo, Juan Carlos Lopez, General Director, assured.

The Project’s initial investment amounts to US$180 million, of which US$28 million will be spent in buying land and US$150 million to raise buildings.

In a press conference, Lopez affirmed that 1,600 direct jobs will be generated during the 18 months of the complex’s construction, which will open its doors in April 2014.

He informed that the Project consists of 3,040 shops, 722 houses, 2 buildings over 40,000 square meters for warehouses, 13,000 square meters of commercial area and over 380,000 square meters for conservation land.

He mentioned that Dragon Mart Cancun’s capital stock is held by Real Estate Dragon Mart Cancun, a company incorporated in Mexico, which shareholders are businessman Carlos Castillo Medrano with 45%, the company Monterrey Cancun Mart with 45% and the company Chinamex, owned by the Chinese citizen Hao Feng with 10%.