Lautoka City Council sealed the deal with an investor from its sister city Guangdou, yesterday.
The China City Resort is forecast to provide some 20 thousand jobs once completed.
It is a venture targeted at providing the booming high-end outbound Chinese market with the best Fiji can offer.
The US Five hundred Million-dollar project is expected to completely change the number of big spending visitor arrivals from China in the not so distant future.
Following the historic Fiji Airways Chartered flight from Shanghai earlier this year, this Real Estate investment company decided to follow through with its initial long term plan of tapping into the Fijian market.
A strong feature of luring the high-end market from China has been the visa exemption legislation Fiji offers.
This has seen a fraction of Chinese tourists looking away from their traditional destinations like Thailand, the Maldives and Phuket for exquisite tastes and luxury in the South Seas.
Dennis QI – President – Peng Tao Real Estate Co said the project is expected to provide over 3000 jobs for locals in its initial stages and then when fully completed, a further 20,000 jobs in the tourism market.
Works on the China City Resort is expected to start as early as next week.