Macao Powerlong Group, which already has a huge commercial complex in Tangjiawan and is constructing a new urban center in Jinwan District, will build several "super commerce-hotel and industry-city integrated complexes" in Doumen District over the next five years.

A strategic cooperation agreement was signed Oct 19 between Powerlong and the Doumen District People's Government. The pact signifies even greater cooperation between Zhuhai and Macao and is expected to raise the level of Doumen's socioeconomic development while further expanding Powerlong's market.

Zhuhai became a significant market and investment destination for Powerlong Group under an agreement signed Dec 14, 2019. The Macao group then contracted to invest 20 billion yuan ($2.9 billion) in citywide benchmark commercial complexes, art galleries, and starred hotels over three years.

Signing ceremony [Photo by Zhang Lianzhou / WeChat account: meilidoumen]

Powerlong Plaza is under construction at the Technological Innovation Coast of the Zhuhai National Hi-Tech Industrial Development Zone (Tangjiawan). The 83,694-sqm (21-acre) commercial complex cost 5 billion yuan ($714 million).

In Jinwan District, ground was broken March 1 for Powerlong City in the new urban center of Zhuhai's West Wing. It also will cost 5 billion yuan and integrate residences, businesses, hotels, and office areas to serve approximately 250,000 people within 5 km (3 miles).

Moreover, Powerlong has agreed to construct a provincial first-class art museum and world-class shopping center in Hengqin New Area.

Powerlong was founded in 1990 by Xu Jiankang, a Macao entrepreneur and member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference, and listed in Hong Kong in 2009.

The enterprise has a multi-pronged industrial portfolio of real estate, businesses, hotels, culture, and art. It has developed more than 150 high-quality property projects in over 40 domestic cities.

Powerlong has been cited as one of China's Top 100 Real Estate Developers for 15 consecutive years and one of China's Top 10 Most Valuable Commercial Real Estate Brands for nine years in a row.