Company/Organisation:
Neocity Group
Geographic Location
Country:
Romania
Region:
Constanta; Sud-Est
Location of affected unit(s):
Constanţa
Company
Sector:
Construction
Construction
41 - Construction of buildings
Group:
Neocity Group
Employment Effects
Announcement Date:
29-03-2006
Type of Restructuring:
Business expansion
Employment Effect Start:
31-07-2007
Planned Job Creation:
2000
Additional Information
On 29 March, Neocity Group (Israel) began construction of City Park Mall in Constanţa, the largest shopping-, leisure- and entertainment project in the city so far. The investment amounts to EUR 50 million and will create 2,000 new jobs.
This is the first in a series of investment projects planned for 2006-2009 by the above mentioned group which will total EUR 1 billion. Constanţa was targeted because it is the largest seaport in Romania with a very good geo-strategic position on the Romanian Black Sea coast. The following target is Bucharest, with six projects totalling investments of EUR 100-300 million.
Sources:
30-03-2006Ziarul Financiar
30-03-2006Economistul