- Click through the photo carousel above for pictures from inside the Wuai Market in Shenyang, China.
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The Wuai Group will build a $400 million trade centre in Wagga - the biggest private development in the city's history. Here's what it all means:
- 2500 jobs created
- Effectively it's a large permanent trade expo where companies have stalls and can display their goods.
- 3750 stalls for companies. Some companies may take multiple stores. For example, a furniture outlet might rent 10 stalls.
- Companies can sell anything including furniture, electrical goods, food, wine, clothes, shoes, textiles and sporting goods.
- Companies display one of each of the goods they are selling. They have staff at their stalls to discuss the goods and take orders.
- The companies may be based anywhere in the world and Australian businesses will also rent stalls.
- Visitors come and view the items on display and place orders for their own business. The orders may be for one carton of goods, or hundreds of cartons or even container loads.
- The company takes the order and manufactures the goods at their own sites. This may be anywhere in the world, depending on where the company is based.
- The company then delivers the goods to the business which places the order. It cuts out the middle man.
- The proposed trade centre will also have 250 five-star hotel rooms for visiting business people.
- Entertainment and conference facilities will also be built and restaurants will also be created.
- It is proposed to build the trade centre on the corner of Kooringal Road and Copland Street in Wagga's industrial area.
- A memorandum of understanding has been signed between Wagga City Council and the Chinese state-owned company, Wuai Group, which is leading the development.
- A full development application must be approved by the state government before the project can progress.
