Cancun, Mexico — (CNN) — China and Mexico reached an agreement Thursday to build a resort in the resort city of Cancún.

China and Mexico have long been close allies.

The two countries have been negotiating the construction of a resort complex that would include luxury hotels, a hotel terminal, restaurants and a hotel-hostel complex.

“This project will be a real opportunity to boost the economic and social development of Mexico and China in both countries,” said Guan Yi, Mexico’s economic and economic development minister.

“The resort will be the first in Mexico to have an international destination,” Guan said.