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Is 701.120 square perches as big as The Philippine Arena?

It's about two-fifths as big as The Philippine Arena
Flag of Philippines
The size of The Philippine Arena is about 1,600 square perches.
(Ciudad De Victoria, Bocaue - Bulacan, Philippines) (total footprint)
The largest indoor arena in the world, the multi-use Philippine Area has a total footprint of 1,600 square perches, with the dome itself occupying 1,400 square perches. The floor the arena contains over 9,000 tons of steel.
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