The three Japanese companies aim to complete the construction in autumn 2027 for an opening scheduled for early 2028.
The arena will serve as the home court for the Fighting Eagles Nagoya Toyota, a professional basketball team owned by Toyota Tsusho, a trading house. It will also host concerts and exhibitions.
KDDI will cooperate in the project using its telecommunications technology.
The arena will be built in a redevelopment area that already houses condominium buildings and a shopping mall run by a unit of Mitsui Fudosan, a real estate firm.
[Copyright The Jiji Press, Ltd.]