LANGFANG, China, May 19, 2011 /PRNewswire/ -- SunWorth Development Group, a joint venture between Bestsun (Baichuan) Energy Group of China and Salt Lake City-based Southworth International, unveiled the master plan of a 30 square kilometer, technologically advanced eco/green city located in Langfang, China, 25 miles southeast of Beijing, which will be named Wei Lai. The master plan was presented at the 2nd Annual APEC (Asia Pacific Economic Cooperation) Meeting sponsored by the China APEC Development Council.
SunWorth received approval from the Chinese government for the unprecedented city development, which includes a world-class theme park and luxury goods exhibition center. The exhibition center is designed as the world's largest, having over 1.3 million square meters under one roof and will accommodate up to 1 million visitors per day. The government has made billions of dollars of regional infrastructure investment in recent years. The region, referred to as the Beijing/Tianjin Growth Corridor is part of an aggressive government agenda to accommodate the anticipated population transition of nearly 300 million people from poverty to middle class over the next 20 years.
Marcus Southworth, CEO of SunWorth, stated, "The geographical, demographic and economic dynamics of this project make it predictably one of the most successful new city developments in the world today."
According to Dong Hai Wang, Chairman of SunWorth Development Group, "There are 125 million people living within 100 kilometers of Langfang. This new city development will become a gateway city for Beijing and international visitors attending the world's largest exhibition center and the nearby destination theme park and cultural center."
Strategically located just 25 miles from Beijing, Wei Lai is four miles from the site of the new Capital Airport currently being built to accommodate the growing air traffic in Beijing. When completed in 2016, the new airport will be the largest international airport in the world with eight active runways, bringing travelers within two hours flying time to most major regional markets such as Tokyo, Seoul, Hong Kong and Shanghai. An existing high-speed train crosses the eastern boundary of the city as it runs from Beijing to Tianjin. A complete transportation hub including subway, train, bus and airport shuttles will connect Wei Lai with Beijing and Tianjin, providing easy commuter access.
SunWorth Development Group is a joint venture of Bestsun Energy Group, a privately held natural gas transmission company located in Langfang, China, and Southworth International, a global investment company with offices in Salt Lake City, Utah and China.