PROJECT BRIEF OF WEIHAI CITY ¡ª¡ªTourism,Real Estate and Commerce
NO.T04 ¡ª¡ª Weihai World Fishing Village
I.PROJECT UNIT BRIEF £¨THOUSAND US$£©
COMPANY NAME
The Administration Commission of Weihai Huancui Province-level Tourism & Vacation District
ADDRESS
Weihai Huancui Province-level Tourism & Vacation District
CONTACT PERSON
Wang Qiang
TELEPHONE
0631-5757061
FAX
0631-5757017
E-MAIL
ecceef@-public.sd.net
EMPLOYEES
70
TECHNICIANS & MANAGING STAFF
56
OWNERSHIP
Institutional unit
FOUNDING DATE
 
ASSETS
 
REGISTERED CAPITAL
 
LIABILITIES
 
MAIN PRODUCTS
 
TECHNOLOGICAL AND OPERATIONAL CONDITIONS
 
BUSINESS STATUS(LAST 3 YEARS)
1999
2000
2001
ANNUAL SALES OR REVENUE
 
 
 
ANNUAL EXPORT
 
 
 
PROFIT AFTER TAX
 
 
 
II.BRIEFOF THE INTENDED PROJECT (THOUSAND US$)
PROJECT NAME
Weihai World Fishing Village
PROJECT TYPE
NEW
¡̀  
EXPANSION
 
INNOVATION
 
POLICY
ENCOURAGED
¡̀  
PERMITTED
 
RESTRICTED
 

PROJECT DESCRIPTION

Weihai World Fishing Village is a large-scale tourism project, which are sponsored by Weihai Huancui province-level tourism & vacation district and developed by world fishing tourism development limited company. With planning total investment of 860 million yuan, it's located at both sides of inside Shuangdao bay bridge, covering an area of 5000 mu, mainly including entertainment over sea and 1500 fishing houses with distinctive features of various countries and regions such as Asia , Africa,Europe ,Oceania, Venice. We try to build the world fishing village into a place which combines scenery spot and dinning, dwelling, touring, shopping and enjoying .The World Fishing Village stresses four features: in planning, the village is built at the seashore and in the woods and the sea lies in between the villages. There are all together 1,500 houses. The visitors can play with sea water, take ships and go fishing when they go out of the houses. In architecture, we collect the designing draft for the 1500 houses and establish the international village with the foreign styles. In activity, the international festivals will be held which are international fishermen' festival and international fishing festival. In management, the world fishing village is not only a scenic spots but also an entertainment place.
TOTAL INVESTMENT
103614  
COOPERATION PERIOD
70 years  
FILED OR NOT
Yes  
III. INTENDED COOPERATION MODE
EQUITY JOINT VENTURE
¡̀  
EQUIPMENT QNLY
 
EQUITY TRANSFER
 
SOLELY FOREIGN OWNED
 
COOPERATIVE JOINT ENTURE
¡̀  
TECHNOLOGY TRANSFER
 
COMPENSATION TRADE
 
BOT(TOT)
 
OTHER MODE
 
IV.INVESTMENT BY EACH SIDE (THOUSAND US$)
ITEM
CHINESE PARTNER
FOREIGN PARTNER
INVESTMENT PROPORTION(%)
 
 
CASH
 
 
LAND USE RIGHT
14458  
 
PREMISE
 
 
EQUIPMENT
 
 
TECHNOLOGY
 
 
INTELLECTUAL PROPERTY RIGHT    
OTHERS
 
 
V.RAW MATERIALS AND INFRASTRUCTURES

The world fishing village is located in the west seaside of weihai Huancui Province-level Tourism & Vacation District. It has beautiful scenery, convenient transportation and infrastructure with complete sets of equipment .Yanwei express way traverses the district. It's 10 km from Weihai ports, 20 km from Weihai railway station, 30 km from Weihai airport, 60 km from Yantai airport and railway station. Infrastructure has reached the standard equipped with water, electricity, road, communication, waste pollution and liquefied nature gas.
VI.MARKET ANALYSIS
At present, leisure holiday touring of coming back to nature is all the fashion , Weihai now has better environment , the city image of "the most suitable place for dwelling" become more and more attractive to tourists, building the world fishing villages if just the best choice, the project will make much economic profit. In 2001, 6.42 million foreign and domestic people visited Weihai leading to a 4.7 billion yuan of income, up 13% and 24% over the previous year. The tourism income covers 7.2% of the GDP of Weihai. The favorable tourism resources, plenty of customer source and the pioneering design will make the project a prosperous future and good economic benefits
VII.ECONOMIC BENEFIT ANALYSIS (THOUSAND US$)
CONSTRUCTION PERIOD
3 years  
ANNUAL SALES OR REVENUE
42168  
RETURN ON INVESTMENT
8.8%  
PAY-BACK PERIOD
11years  

APPENDIX