AMERICAN GLOBAL DEVELOPMENT GROUP, A SISTER COMPANY OF ATLANTA-BASED THE PARKWOOD GROUP, IS WAITING FOR APPROVAL FROM BEIJING OFFICIALS FOR A JOINT VENTURE WITH SIETCO, A CHINESE GLOBAL CONSTRUCTION COMPANY TO DEVELOP PROPERTY IN CHENGDU, CAPITAL OF THE SICHUAN PROVINCE.
THE PROPOSED PROJECT WILL INCLUDE A 500 ROOM HOTEL, 200 APARTMENTS, 200,000 SQUARE FEET OF SHOPPING, AND AN OFFICE COMPLEX FOR SIETCO, SAID E. EARL PATTON, JR., CHAIRMAN AND CEO OF AMERICAN GLOBAL.
A SMALLER PROJECT IN NANJING IS ALSO AWAITING GOVERNMENT APPROVAL, HE ADDED. THE COMPANY HOPES TO ANNOUNCE APPROVAL OF BOTH PROJECTS BY MAY 13TH.
MR. PATTON SPOKE TO GLOBALFAX AT A PRESS RECEPTION ON APRIL 3 FOR THE GOVERNOR OF SICHUAN PROVINCE, PU HAIQUING, WHO CAME TO ATLANTA AT HIS INVITATION TO LOOK FOR ECONOMIC OPPORTUNITIES FOR HIS PROVINCE AND TO ENCOURAGE FOREIGN INVESTMENT IN SICHUAN.
FOR MORE INFORMATION, CALL MR. PATTON AT (770) 952-0000.