The popular Chinese holiday destination of Sanya is set to boast the world’s largest duty free complex, according to reports.

Sanya, on the island of Hainan in the South China Sea, is the southernmost city in China and a booming holiday destination for Chinese tourists, boasting an ever-growing number of resorts aimed at both Chinese and international tourists.

Now, it will also be home to the world’s largest duty free offering, some 350,000 square meters of duty-free retail space. Phase one of the two-stage project is due to open next year.

Situated in Haitang Bay, Hainan International Duty Free City will feature a massive retail complex, a luxury brand exhibition area, a designer hotel and a major food and beverage area,.

Hainan province became in 2011 a duty free area for both domestic and international tourists, a bid to make it more competitive with neighboring Hong Kong.

The province currently has two duty-free shops. One is located in the provincial capital of Haikou, and the other is in the resort city of Sanya.