SM Tianjin will become a destination mall with numerous attractions.

The Philippines is considered a newly industrialized country, which has an economy transitioning from one based on agriculture to one based more on services and manufacturing. The Economy of the Philippines is the 36th largest in the world, according to 2016 International Monetary Fund statistics, and is one of the largest economies in the ASEAN. The Philippines is also one of the emerging markets.

Even though there are several challenges still to overcome, Philippines has made great strides in the recent years on the basic building blocks. The proof is in the increasing number of residents of developed countries choosing to relocate or retire in Philippines.

One of the largest contributors to the growing economy of the Philippines is the brand SM Prime. SM prime is a subsidiary of SM Investments Corporation—the biggest company in the Philippines in terms of market value. Today, SM aims to build the world’s largest mall which will be located in China. SM City Tianjin, a nearly 3 billion RMB ($483 million) development, is expected to be completed this year.

SM Tianjin will become a destination mall with numerous attractions, such as a Science Discovery Center, an ice skating rink, aquarium, game center, and a 5-star cinema and gym to fulfill its vision as an “entertainment and relaxation paradise,” an SM statement said.

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