Located at the estuary of
the Pearl River, right in the center of Guangdong-Hong Kong-Macao
Greater Bay Area, the fourth largest bay area in the world, the
International Financial Island project covers an area of 2.27
square kilometers. Nansha district of Guangzhou boasts an advantageous
location. With the radius of 100 square kilometers, the greater bay area
connects with 11 cities and 5 international airports. Nansha is approximately 38 nautical miles to Hong Kong and 41 nautical miles to Macao.
Sitting in Pearl Bay, Nansha District,
Guangzhou, it is built to be a landmark for serving the Greater Bay area
as a conference hall suitable for international conferences. The IFF
permanent venue project will have a construction area of 5.7 million square meters. The development is situated the east side of Nansha district. The IFF
permanent venue project will provide a wide range of facilities
comprising world class convention centers, meeting halls, hotels,
serviced apartments and residential areas. An International Competition
for Architectural Design of International Financial Island was held in
mid-2019. The board of committee selected 18 design firms to join the
competition.
The initial project investment is approximately RMB3.5 billion.
Detailed construction plan are being finalized and construction has
recently commenced. A series of measures supporting the development of
an international financial island in the China (Guangdong) Pilot Free
Trade Zone Nansha Area of Guangdong was released by the Nansha district
government on in last October. Jointly developed by Guangzhou, Nansha district and the International Finance Forum (IFF), the island is the first of its kind in China.