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Italian Economic Diplomacy 16 February: breaking news from around the world

CHINA – ‘FLORENTIA VILLAGE’ OPENS IN CHONGQING 

The Florentia Village has recently been inaugurated in Chongqing. It currently is the seventh investment project in China by the Italian real-estate group RDM-Fingen, after Tianjin, Shanghai, Guangzhou, Wuhan, Chengdu and Hong Kong. The Chongqing complex which, when completed, will occupy an area of 60,000 square metres, is similar to those already in operation and has been designed to resemble a traditional Italian town, with streets and squares flanked by two-storey buildings housing the retail outlets of major Italian and international clothing and accessories brands. This 150 million US dollar investment in Chongqing is RDM-Asia’s second investment in southwest China, after the 2017 Chengdu project. With over 300,000 square metres of retail space, 20 million visitors and a turnover close to 10 billion CNY, RDM-Asia reaffirms itself as one of the most successful groups for creating and managing outlets with top Italian brands. At the Florentia Village Chongqing outlet, the group expects 8 million visitors per year and a turnover of approximately US$ 77 m million US dollars.

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