salou

The Italian investment group has announced it will build and manage 3,000 of the 6,000 hotel rooms of the ‘BCN World’ mega resort, the competitor to Madrid’s Eurovegas that is being developed by Veremonte in Salou (Costa Daurada). The $6 billion entertainment resort will be located next to the beach and the PortAventura theme park, which is owned by Investindustrial. After a year of talks, the Italian company has finally decided to join the mega resort project, which will have casinos, hotels, convention centres, luxury shops, restaurants, golf courses and a beach club. The CEO of ‘BCN World’, Xavier Adserà, confirmed that the resort will begin building in the first half of 2014, employing 17,000 people. The hotel group Melià, shopping-mall company Value Retail and casino group Melco Crown Entertainment will build the first phase.

On Thursday, the Catalan Government published the new legal project for the area where ‘BCN World’ will be built, in order to modify the existing town-planning project and other rules. In addition, it will also modify the current taxes on gambling, dropping them from a maximum rate of 55% to 10%. The modification of such taxes was one of the changes the Catalan Government had promised international investors in order to develop the mega resort, which will see the construction of 6 casinos and hotels the size of those in Las Vegas. In addition, the resort will have golf courses, a beach club, a marina, a smart residential city area, shopping centres, theatres, conference centres and other attractions. Two weeks ago, the first three international investors participating in the project were announced. Plans are to start construction of the first casino in September.

The Catalan Government announced last September the ‘BCN World’ project, a mega-resort that will be built on the Costa Daurada, near Tarragona and Salou. According to the forecasts, the construction will cost €4.7 billion and the opening is scheduled for 2016. The complex will consist of six casinos and theme parks, 12,000 hotel rooms, golf courts and a smart city, among other aspects. The initiative was presented just a few hours before it was confirmed that Sheldon Adelson’s ‘Eurovegas’ would go to Madrid, although the Catalan Government denied that ‘BCN World’ is the alternative project. While experts validate the economic viability of the project, they do question the suitability of this leisure model in Europe. Just weeks before construction begins, there are still a lot of questions without being answered.

The Friends of Russia Foundation is planning to build an orthodox church on the Costa Daurada, the southern coast of Catalonia. The new temple would be the first Russian orthodox one in Catalonia and the biggest one in Spain. It is aimed at Russian visitors, the most emerging touristic market in the area over recent years. The construction of the temple could mean a 10% rise in Russian tourists on the southern Catalan coasts. Its location will be made public at the end of March. Besides, according to the Catalan minister of Business and Occupation, Russian tourism will grow 40% in Catalonia this year. Last year one million Russians spent their holidays in Spain, and 600,000 stayed in Catalonia. Out of this 600,000, 70% chose the Costa Daurada, followed by the Costa Brava.

Thousands of university students from the UK and Ireland come to the Saloufest, a sports tour during the day and a disco and street party at night. “We come to the Saloufest because there are a lot of parties, everything is very cheap and we feel safe” stated one UK student who arrived on Sunday and will party until Thursday in this coastal Catalan town with the first group of 4,000 people. The second and third groups will come after the Easter holidays, on the 2nd and 9th of April. The youngsters bring money in to the hotel, restaurant and bar sectors during a weak period of the year business-wise. However, many neighbours are fed up with the noise and other disturbances, and some locals even leave the town during these days.

Investindustrial, PortAventura’s only shareholder since last November, will invest €75 million in enlarging the park’s facilities within the next five years. The amusement park, located in the Costa Daurada in Southern Catalonia, near Salou and Tarragona, has already been enlarged over the last few years adding the water park Caribe Aquatic next to the beach and several adjacent hotel resorts. Furthermore, the Italian group will change the park’s brand to: ‘PortAventura: European Destination Resort’. Investindustrial aim to reach 5 million visitors per year, half of which will come from abroad. As a start, the Italian group is investing €10 million in new projects for this new season, which will kick off on the 22nd of March.

The Catalan theme park PortAventura, located on the Costa Daurada, between Tarragona and Salou, will be completely controlled by Investindustrial, a fund run by the Bonomi family. Portaventura is the only profitable theme park in Spain and one of only a few in Europe. Investindustrial is buying the remaining 50% of the park for €105 million. Furthermore, they have announced a future investment of €80 million to foster the park’s international expansion. PortAventura is located next to the land where the €6 billion mega-resort Barcelona World will be built. The Italian group has a consolidated trajectory of investing large amounts of capital in businesses from a wide range of sectors to ensure growth.

‘Barcelona World’, located next to Salou’s beaches and PortaAventura, will have 6 new theme parks, as well as 12,000 hotel rooms, casinos, convention centres, golf courses and other amusement facilities. 10 million people are expected to visit the mega-resort funded by Veremonte each year, which will create 40,000 jobs. ‘Barcelona World’, located next to Tarragona in the Costa Daurada, will be Europe’s largest amusement resort and among the world’s largest, targeting family and business tourism. Construction may be complete by late 2016. The project has been announced after the expiration of the offer made to Las Vegas Sands to build its casinos next to Barcelona. This American company has not announced if it will finally build ‘Eurovegas’ in Madrid yet, but the Barcelona option seems to be ruled out.

The Catalan theme park PortAventura opened its doors last weekend for the new season. Despite the crisis, in 2011 the park registered 16% more visitors than in 2010, reaching 3.7 million in total. The park’s CEO, Fernando Aldecoa, has said they expect to reach 4 million visitors this season, which ends just after Halloween. This season, €25 million has been invested in a new rollercoaster called ‘Shambhala’, which will be the tallest in Europe and will reach speeds of 134 km per hour during a fall of 78 metres.

The Catalan theme park, located on the Costa Daurada next to Tarragona, will invest 25 million euros building the new attraction, which will be 76 metres high and will emulate the Himalaya. In addition, users will reach a speed of 134 km/h. The new rollercoaster’s name and exact design are still a mystery, but it will cross the Dragon Khan four times. The Catalan President assisted in the ceremony of the laying of the first stone. The attraction will be ready in May 2012.

The city of Tarragona, located on the southern coast of Catalonia, will be the host city of the 2017 Mediterranean Games after ten years of candidature work. Together with Tarragona, another twelve Catalan towns will be hosts for different sport competitions with the common objective being to promote the area internationally. Many have in mind the excellent results of Barcelona Olympics of 1992.

The arrival of 5,000 UK students for a five-day festival has put the Catalan coastal town of Salou back in the spotlight. Last year, ‘Saloufest’ had several episodes of drunken behaviour and wild parties on the streets, which caused major disturbances. An ongoing debate has taken place over the past year over how best to combine the five-day festival with Salou’s reputation of a family tourist resort.

Six Russian mafia leaders have been detained in Catalonia by the Mossos d?Esquadra, the Catalan Police. The arrested men, whom were detained in Barcelona, Reus, Cambrils, and Salou, will be accused of the falsification of documents, illicit association, a