South Korean company Dongnam Industry Co., Ltd has signed an agreement of intent with the Primorsky Krai Development Corporation to invest more than US$30 million into construction of a world-class golf course within the Primorye gambling zone.
The development, set to cover around 80 hectares of land, will include 18 holes, a club house with associated facilities and a 4-star hotel with 100 rooms.
Dongnam Chairman Kim Ying-Tae said the golf course would play a key role in boosting tourism to the region.
“In the future, the integrated resort Primorye will be able to attract a large number of tourists due to transport accessibility and the growing interest in the Far East from residents of the Asia-Pacific countries,” he said.
“Creating entertainment facilities of the elite level will help attract relevant tourists to the gambling zone. For our project, the main target audience is foreign players from Korea and Japan, where golf is a very popular sport and entertainment.”
Phase 1 of the golf course, being built in partnership with Vladivostok Country Club, is expected to be ready within 12 months of the land being made available for use.
The director of the Primorye gambling zone, Igor Trofimov, said in a statement that development of the area’s non-gaming attractions was now a top priority given that most plots intended for the construction of IRs have been leased to investors.