BUSINESS IN BRIEF 11/8 - VietNamNet Bridge
The Foundation Engineering and Underground Construction JSC, also known as Fecon, and the United Arab Emirates-based Vault Investments LLC last week signed a strategic co-operation deal on investment research into the Ho Suoi Lon entertainment and... The park is expected to be built in the centre of the island on an area of 175 hectares and include areas for horse racing, car racing, and shooting, as well as water sports. The consortium, with support from prestigious US and Italian consultants, hoped to submit an investment proposal to the Phu Quoc Island Investment Development Management Authority and the Kien Giang People’s Committee for approval this November. Vietnamese Ambassador to the UAE Pham Dinh Dam said that as a developed nation in the Middle East, the UAE had a track record in the planning, construction, and development of upscale urban zones, and it was a first-class financial centre as well... “In the real estate field, UAE investors want to bring distinct designs from Dubai city to Phu Quoc Island,” Dam added. Sultan Ali Rashed Lootah, managing partner at Vault, said he and other colleagues were deeply impressed with Phu Quoc Island’s potential as well as Fecon’s capacity, and were poised to share its wealth of experience on this project’s deployment. Source: english.vietnamnet.vn
