Catalonia plans $4,8 bln tourist complex

Catalonia plans $4,8 bln tourist complex

Spain's Catalonia region gave the green light for a 4 800 000 000 dollars hotel, mall and casino complex near Barcelona aimed at building on growth in tourism.

Details of the project were scarce but the regional government, anxious to tap into a rare growth sector in Spain's struggling economy, said it would run "Barcelona World" in conjunction with La Caixa bank (CABK.MC).

Catalonia is the most visited region in Spain, with close to 14 000 000 people tourists last year. Official data showed visitor numbers increased to July by 2% on the same period a year ago.

 

Source: http://in.reuters.com/article/2012/09/10/uk-spain-catalonia-leisure-idINLNE88900220120910