According to airport operator, Airport Authority Hong Kong (AAHK), the development is a crucial part of the overall long-term development of HKIA.
The award follows an open tender exercise held earlier, which received a number of strong bids from local and international developers and retail operators.
Scheduled to be opened in phases from 2023 to 2027, the development – adjacent to HKIA’s passenger terminals – will provide a maximum gross floor area of 350,000 square metres, with retail, dining and state-of-the-art entertainment facilities tailor-made for visitors and local residents of different ages.
Under the agreement, Roxy Limited will design, construct, finance and manage the complex, which will be the largest integrated retail, dining and entertainment development in Hong Kong.
Apart from the development, a hotel is being developed on another site of SKYCITY, for which Regal Hotels Group has been awarded the development and management right earlier.
The new hotel is scheduled to be opened in the year 2020-2021.
SKYCITY occupies approximately 25 hectares of land and is well-positioned to benefit from the customer base of HKIA which served 72.9 million passengers in the past year.
Passenger traffic at HKIA is projected to rise to more than 100 million by 2030 following the completion of its Three-runway System.
AAHK notes that SKYCITY will also tap into the full potential brought by the Tuen Mun-Chek Lap Kok Link and Hong Kong-Zhuhai-Macao Bridge that will greatly enhance the connectivity of Hong Kong with the Pearl River Delta.