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"Striving for Economic Growth in Post-pandemic Times!" According to the Taichung City Government, Mitsui Fudosan Co., Ltd. Increases Investment in Taichung

  • Date: 2020-06-01
  • Issued by: Press Liaison Division, Information Bureau of Taichung City Government
"Striving for Economic Growth in Post-pandemic Times!" Taichung City Government; Mitsui Fudosan Co., Ltd. Increases its Investment in Taichung.

The most important thing in the post-pandemic era is to strive for economic growth! The President of Mitsui Fudosan Taiwan Group, Shimomachi Ichiro, today (the 25th) led a delegation to visit Mayor Lu Shiow-Yen of Taichung City and jointly, they officially announced the investment of two mega shopping malls, Outlet Park Taichung Port Phase 2 and Mitsui LaLaport, in Taichung. The construction programs are expected to begin this summer. Mayor Lu Shiow-Yen said the development potential of Taichung City attracted the increased investment of Mitsui in Taichung with the total accumulated amount of NT$15 billion and more than 3,500 jobs will be created. Taichung reversely grows under the impact of the pandemic on global economy and the Taichung City Government will strive for economic growth with full efforts.

Mayor Lu Shiow-Yen happily made the announcement that "the final decision is made! Mitsui Fudosan has decided to increase its investment in Taichung!" Over the past year, both sides have been engaged in continuous negotiations. The Mitsui Fudosan Group likes Taichung's convenience, hospitality and prosperous development and is willing to invest in Taichung. Its first investment project is the Outlet Park Taichung Port Phase II and the other one is the development of the comprehensive LaLaport Shopping Mall with the respective opening time in 2021 and 2022. By that time, a total of 3,500 jobs will be created to bring more drive to Taichung's economic development!

According to the President of Mitsui Fudosan Taiwan Group, Shimomachi Ichiro, since its presence in Taiwan in 2014, the Mitsui Group likes Taichung's unique and charming combined historical and modern elements. Mitsui Outlet Park Taichung Port attracts huge crowds of customers, so it began planning for Phase II development. Additionally, Mitsui has decided to invest further in Taichung by constructing LaLaport on the land of TaiSugar in the East District that is expected to begin its project this summer. Mitsui and Taichung City Government are now negotiating and LaLaport is expected to begin its operations in 2022. After its operation, crowds will be attracted and opportunities of "fortune and pleasure" will be brought to the nearby areas.

The Taichung City Government said to mitigate the impact brought about by the pandemic on the economy, it will launch various relief measures. First, "Nine Arrows for Relief" is launched to support business owners battered heavily and consumption vouchers are given away to consumers to shop in the business districts. In July, there will be "the 2nd Taichung Shopping Festival" indicating striving for economic growth in post-pandemic times. Mitsui's investment this time again creates more momentum for Taichung's economy by promoting the development of coastal areas as well as revitalizing old towns in Taichung.

The Taichung City Government pointed out that according to Statistics Department of the Ministry of Economic Affairs, as of Quarter 1 this year, 102, 361 companies registered in Taichung City, growing by 3.02% compared to the same period last year. In terms of paid-in capital registered, as of Quarter 1 this year, it totaled NT$1.83808 trillion, growing by 5.97% compared to the same period last year. Taichung was ranked among the top in terms of "number of companies registered" and "paid-in capital of companies registered" among the six special municipalities. Now the increased investment of Mitsui demonstrates the determination of Mayor Lu to continuously grow Taichung's economy!

Today Mayor Lu Shiow-Yen led Deputy Mayor Huang Kuo-Jung, Secretary General, Huang Chung-Den, Vice Secretary General Chu Kang-Chan, Director General of Information Bureau, Huang Guo-Wei, and Director General of Economic Development Bureau, Li Yi-An to greet President and General Manager, Shimomachi Ichiro, Coordinating Managers, Kawanabe Naoki and Fujino Takashi, Manager, Jung Hsiang, and Vice Manager, Yen Tzi-Hou from Mitsui Fudosan Taiwan.

  • Date : 2020-05-25
  • Hit: 341