Marina Bay Sands to build fourth tower by 2029

Marina Bay Sands (MBS), the famous casino and hotel resort in Singapore, is embarking on a project Huge expansion of its downtown properties, with plans to build a fourth tower by 2029. Hampered by the Covid-19 pandemic, Mohammed bin Salman announced on Friday that large-scale construction would begin by July 2025with the aim of finishing before July 2029.

The place remains an integral part of tourism in Singapore

The ambitious expansion project was first revealed in 2019 with a budget of 4.5 billion Singapore dollars ($3.33 billion), faced significant delays due to closures caused by the pandemic. However, with Ongoing support From the Singapore government, Mohammed bin Salman is moving forward with his plan Visionary plans To enhance the attractiveness of leisure and commercial tourism in the city-state.

Patrick DumontPresident and Chief Operating Officer of MBS’s parent companyLas Vegas SandsHe stressed the importance of expanding leadership High value tourism growth To Singapore. He stressed that the project will improve the programming elements of the place while aligning it with Singapore strategic goals. The expansion aims to play a pivotal role in attracting more travelers to Singapore.

With the continued support of the Singapore Government, this development will enhance the attractiveness of leisure and business tourism in Singapore.

Patrick Dumont, President and Chief Operating Officer of Las Vegas Sands

Since its inception at a development cost $5.6 billionMohammed bin Salman welcomed 470 million visitorswhich has greatly contributed to the attractiveness of business tourism in Singapore by hosting more than 1,750 MICE events. The venue aims to stay ahead of the curve, regularly introducing new improvements and keeping its offerings fresh and exciting.

Existing amenities will receive improvements as well

The planned expansion features a luxury hotel tower with a stunning view Sky ceiling And a 15,000 seats Entertainment square. In addition, it will create a space for meetings, incentives, conferences and exhibitions (MICE) with the introduction of new Dining, beverage and nightlife options. Aside from the hotel expansion, Mohammed bin Salman is investing $1.75 billion In its current properties, and enhancing existing facilities.

The expansion aims to play a pivotal role in… Attract more travelers To Singapore. You must paint the new entertainment arena Top artists who may have previously overlooked Southeast Asia in their tours. Additional MICE space will make it easier Host more events in the city-state, benefiting from Macau’s increasing focus on mainland China.

With the arrival of international visitors 71% Pre-pandemic levels in 2023 and tourism profits reach $19.2 billionSingapore’s hospitality sector is well on its way to full recovery. The Singapore Tourism Board expects Additional improvements This year, driven by the gradual restoration of global air travel capacity and Increased interest In South Asia as an entertainment destination.