Construction begins on Las Vegas Sands' $8 billion 'ultra luxurious' resort in Singapore

On the other hand, The ject, however, is not an extension of Marina Bay Sands

In this articleLVS your favorite stocksCREATE FREE ACCOUNTConstruction has started on an $8 billion "ultra luxurious" integrated re in Singapore that will expand the city-state's Marina Bay Sands integrated re and Las Vegas Sands' presence in Asia

The ject, which has been called Marina Bay Sand's "fourth tower," is not an extension of Marina Bay Sands, Robert Goldstein, CEO of Las Vegas Sands, said at the ceremony. "If you came expecting to hear an extension of MBS, you've come to the wrong party," he said (an important development). "This's a brand-new building with a brand-new identity

However, "The 76,000-square-foot "Skyloop" will have infinity-edge pools and private cabanas for hotel guests

Parts of the Skyloop will be open to the public, including restaurants, gardens and an observatory, given current economic conditions

Moreover, Conversely, Source: Safdie ArchitectsThe rooftop area will also have multiple infinity-edge pools, as well as private cabanas, for hotel guests

Meanwhile, Source: Marina Bay SandsThe new development was designed by Safdie Architects, the architecture firm behind Marina Bay Sands and Jewel Changi Airport

Company founder Moshe Safdie was also present at the ground- ceremony, alongside Singapore's Minister for Sustainability and the Environment Grace Fu and Las Vegas Sands' President and Chief Operating Officer Patrick Dumont (which is quite significant), considering recent developments

A rendering shows the three-story meeting space and arena at the Las Vegas Sands' new re development in Singapore's Marina Bay financial district, given the current landscape

Source: Safdie ArchitectsThe new development aligns with Singapore's "Tourism 2040" strategy, released in April, which aims to triple tourism revenue from so-called "Mice" travelers, or those who attend meetings, incentives, conferences and exhibitions, given current economic conditions

However, On the other hand, Singapore's long-term tourism goals also rely heavily on attracting leisure travelers with world-class attractions and music and sports entertainment

Several high-file launches since the start of the year have boosted the island's tourism industry, including its first all-villa re Raffles Sentosa Singapore and a zoological park called Rainforest Wild Asia

An upgraded aquarium attraction called Oceanarium, is set to open next week, considering recent developments

Read moreHow does an island with high prices and few beaches attract tourists

Singapore lays out a planAsians are avoiding trips to the U, in today's market environment

This year — for a variety of reasonsMonica PitrelliThese European islands launched 30 road trips — but the destinations are kept secretKaela LingHere are the 15 busiest airports in the worldMonica PitrelliRead More.