Philippine Arena: 'world's largest domed arena' to rise in the Philippines

Korean builder Hanwha Engineering and Construction Corp. has signed a contract with Filipino Christian group Iglesia ni Cristo (INC) to establish the world's largest domed arena in the Philippines, Korea Herald reported Thursday.

A miniature model of the Philippine Arena 

To be called the Philippine Arena, the 50,000-seater indoor performance hall will soon rise at a 74,000-square-meter area near the Philippine Capital, Manila. The ground breaking ceremony was already held this week and was attended by the Hanwha and INC officials.

Ciudad de Victoria in Bulacan, the location of the Philippine Arena

The soon-to-be largest domed arena in the world is expected to be finished in 30 months or by 2014 and will reportedly cost INC a whooping $175 million!

Another Philippine Arena model showing its inside facilities

Philippine Arena is said to be Iglesia ni Cristo's "centennial project" since the Christian organization is going to celebrate its 100th founding anniversary in 2014.

Wow! Will the next Olympic games be held in the Philippines after its completion? Hmmmmm... :D

Photos courtesy of PEX and to their respective owners.