Mercedes-Benz Arena under construction in Shanghai image

Mercedes-Benz Arena will be sponsored by Mercedes, and will be build ed by AEG in Shanghai. The entire building will cost $280-million.

The AEG facility in the cosmopolitan city of China is being developed by AEG, the National Basketball Assn. and Oriental Pearl Group, a division of Shanghai Media Entertainment Group.

Mercedes-Benz will lend its name to the basketball and entertainment venue under construction on the Huangpu River in the Chinese super-city’s glittering financial hub.

The large multipurpose arena will be used as the performing arts center for the six-month 2010 World Expo fair starting in May. It will become Mercedes-Benz Arena in 2011.

Mercedes-Benz Arena would be the first Mercedes-Benz-named venue outside Germany. The 18,000-seat facility will be used for performing arts such as concerts, sports and other entertainment.

Industry experts estimate Mercedes has paid more than $120 million to put its name on the downtown facility in Shanghai.

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    I hope that the arena construction in shanghai goes on smoothly and there is no effect of recession or economic slowdown.I hope for the further updates on this topic.

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