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Hanwha To Build World’s Largest Domed Arena In The Philippines

By on Aug 20, 2011 in Announcement, Asia, Business, World Comments

Hanwha Engineering and Construction Corporation (Hanwha), one of Korea’s top-tier builders, is set to build the world’s largest domed arena in the Philippines, several Korean news sites reported on Thursday, August 18, 2011.

Hanwha Vice Chairman Kim Hyun-chung and INC Executive Minister Eduardo Manalo

Hanwha Vice Chairman Kim Hyun-chung
and INC Executive Minister Eduardo Manalo
shake hands during ground-breaking ceremony

Image Credit: Hanwha E&C

According to Korean Herald, Iglesia Ni Cristo (INC) issued the $175 million contract to Hanwha after winning the bid against China’s Jiangsu International and Philippines’ EEI Corporation. The contract was signed on August 4, 2011 and ground-breaking ceremony was held in Bulacan on August 17, 2011.

Hanwha Vice Chairman and Chief Executive Officer Kim Hyun-chung and INC Executive Minister Eduardo Manalo, along with other dignitaries were present during the ground-breaking ceremony.

According to reports, the construction of the arena, named Philippine Arena, will take around 30 months to complete. It is expected to be finished by early 2014. When completed, the 50,000-seat arena will become the largest domed arena in the world, Hanwha reportedly said.

“The facilities will be built on 74,000 square meters of land and will be three times bigger than the Seoul Olympic Gymnastics Stadium, the country’s largest indoor arena,” a Hanwha official was quoted as saying.

Below is an image of the proposed arena:

The Philippine Arena
The “Philippine Arena”
Credit: Erano Mariano on Facebook

Related Blog Post: Watch the groundbreaking ceremony coverage from GEM TV here.

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