(Yicai Global) April 10 -- The health and travel investment arm of Chinese property estate developer RiseSun Real Estate Development Co. has agreed a deal with Austria-based KYATT Group to work together in a wide range of areas including culture, entertainment, travel and health services.
The Langfang-based real estate firm inked the agreement at a ceremony, attended by Austrian President Alexander van der Bellen, who is in the middle of a state visit to China, RiseSun said in a statement.
Both parties will work together to provide services for the Beijing 2022 Winter Games Olympics in areas such as building and snow management and ice facilities.
They jointly develop travel infrastructure and cooperation related to travel services in China and Austria, as well as hold marketing activities and develop regional travel products. They will also work together in the hospitality sector.
The two companies will also look to build elder-care facilities and introduce Chinese traditional treatments like acupuncture, Qigong and Chinese herbal medicine in Austria as well as 16 countries and regions in Central and Eastern Europe.