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Hong Kong launched a sprawling sports complex on Saturday, with officials and celebrities opening the HK$30 billion ($3.86 billion) Kai Tak Sports Park at its centrepiece 50,000-seat stadium.

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Chief Executive John Lee: Tonight is a grand occasion, the opening of Kai Tak Sports Park – the largest sports, entertainment and mega event complex in Hong Kong’s history, spanning over 28 hectares.

The Kai Tak Sports Park cost a whooping HK$30 billion (US$3.9 billion) and took six years to build. It sits on a 28-hectare site that used to be home to the runway of Kai Tak Airport.

Hong Kong’s HK$30 billion (US$3.9 billion) Kai Tak Sports Park is set to be officially inaugurated on Saturday evening with a star-studded ceremony. The highly anticipated grand opening follows ...