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ASF Group Committed To New Integrated Resort Development Project

ASF Group (ASX:AFA) is working with the Queensland State Government over the next few weeks to present a new proposal for an integrated resort development project.

A wholly owned subsidiary of ASF Group, ASF Consortium is consulting with the Government, the City of Gold Coast and the local community toward a new project that could bring significant short and long term employment to the region.

Integrated resorts tend to be urban renewal projects that create long term employment, bring investment in local infrastructure upgrades and can transform cities and nations into international tourism destinations.

ASF Group is rare among ASX-listed public companies in Australia with its Sino-Australian focus on the identification, incubation and realisation of opportunities in areas of synergy between China and Australia.

Historically, this matches funding and infrastructure expertise from China with investment opportunities in Australia.

Local Project Director Tim Poole said: "It's encouraging to see that the Government has maintained an open-door policy with our consortium, providing us with the opportunity for a number of meetings whilst upholding a positive attitude toward successful outcomes, including significant short and long term employment opportunities for the region."

"From the outset of this process, through our consultation with the City of Gold Coast and the business community, we have understood the urgency to bring immediate short and long term jobs to the region."

"We stand by this commitment through delivering an alternative proposal consistent with the desired economic and environmental outcomes, and in constructive engagement with the Government, City of Gold Coast and the community," said Poole.

He said that the Gold Coast Integrated Resort can still be one of Queensland's biggest urban renewal projects, delivering a vibrant and dynamic international destination that combines world-class entertainment, retail, hotel, unique leisure, cultural, residential and outdoor components.

"All of these elements must seamlessly integrate with the city and its development.

"To deliver effectively on this investment for the community, we will partner with Government and the City of Gold Coast to ensure investment objectives align with policy and community expectations."

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