"The project is underway, and we will achieve it," Aragon Vice-Premier Jose Angel Biel said.
 
The cost of building the complex, which is estimated at €17 billion, $25 billion dollars, will be provided by a consortium of 12 investors from countries ranging from Australia to Lebanon, the Spanish authorities said.
The entertainment city is expected to draw 25 million people annually, 80 per cent of them from abroad, from 2015 onwards. That is half of the total number of tourists currently visiting Spain.
The complex is to create 65,000 jobs.

Thirty two new casinos

The 32 casino complex will also include five theme or amusement parks and other forms of entertainment. This is all to be created in an area measuring more than 2,000 hectares in Los Monegros desert, where the regional authorities have promised to bring water, electricity, and roads.
The complex will include theme parks focusing on space adventures and the history of civilizations, with copies of Egyptian pyramids and Roman temples, experts said.
The resort will also include 70 hotels, more than 200 restaurants, 500 shops, a golf course, a bullring, and horse racing tracks.

The budget of building the complex is more than twice that of the 1992 Barcelona Olympics, but Aragon government officials regard the plan as easily attainable.
Experts said the first phase of development, starting late next year, will last about two years and will see the construction of three theme parks and a group of casinos.
Experts also said the second phase will entail the building of a fourth theme park and other casinos and the final stage will be completed in 2023.

Government officials said tourism is Spain's greatest source of income, which accounts for a grand total of 12 percent of its national GDP.

© Copyright 2007 Online Slots Place's material. It may not be published, broadcast, rewritten, or redistributed.

More Online Slots than you can ever Play!