South Korean company Dongnam Industry is planning to invest about $30 million into the construction of a golf course in the Primorye gambling zone.
The company signed the respective agreement with the Primorye Development Corporation.
“The Primorye integrated resort can attract a large number of tourists in the future due to transport accessibility and the growing interest in the Far East from residents of the Asia-Pacific countries. Creating elite entertainment facilities will help attract relevant tourists to the gambling zone. For our project, the main target audience is foreign players from Korea and Japan, where golf is a very popular sport and entertainment,” the company’s chairman Kim Ying-Tae was quoted as saying.
In partnership with Russian company Vladivostok Country Club his firm plans to build a 9-hole golf course and a clubhouse in the first year after it gets the right to rent the land lot. The second stage will involve the construction of a 4-star hotel for 100 rooms and the addition of 9 more holes to the golf course.
It is expected to be situated in the area of 80 hectares.
The Primorye authorities also revealed that currently two land lots in the zone remain without investors and there are expected to be let in 2019.