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Is 349 square meters as big as The Philippine Arena?

It's about one-one-hundredth as big as The Philippine Arena
Flag of Philippines
The size of The Philippine Arena is about 40,000 square meters.
(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 40,000 sq. m, with the dome itself occupying 36,000 sq. m. The floor the arena contains over 9,000 tons of steel.
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