MOF – Yeongjong Dream Island – Incheon - Project Profile
"MOF – Yeongjong Dream Island – Incheon - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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The Ministry of Oceans and Fisheries (MOF) is planning to undertake a tourism hub in Yeongjong Island, Incheon, South Korea.
The project involves the construction of tourism hub on 732ha of land which will be executed in two phases.
The first phase of the project will be developed on 316ha of land comprising a world-class hotel, shopping mall, marina, water park, an aquarium and golf course. The second phase will be developed on 416ha of land.
World Hansang Dream Island has been appointed as the developer.
In October 2015, Rees Jones, Inc was appointed as the architect for the golf course as a part of the first phase.
The project is under discussion with the Ministry of Commerce, Industry and Energy, but the central coastal management committee of the Ministry of Maritime Affairs and Fisheries (MOCT) is required to review the project.
World Hansang Dream Island (private capital) will hold 95.27% and government finances will be 4.75%.
Site development on first phase is expected in October 2017 and finish by 2018 and the second phase, Water Park and Aquarium, Limited Hotel, Complex Shopping Mall, Education Research Center and theme park will be completed by 2020.
The project involves the construction of "Dream Island", a tourism hub on 732ha of land in Yeongjong Island, Incheon, South Korea.
The US$1,800 million project includes the following:
1. Construction of a world-class hotel
2. Construction of shopping mall
3. Construction of marina
4. Construction of water parks
5. Construction of an aquarium
6. Construction of a golf course
7. Construction of other related facilities
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