Foreign Property News | Posted by Zarni Kyaw
Dubai master developer Nakheel has held talks with high ranking officials in Vietnam on launching possible real estate projects.
Madame Dang Thi Ngoc Thinh, Vice President of the Socialist Republic of Vietnam and Ali Rashid Lootah, chairman of Nakheel, have held talks to explore a long term collaboration for real estate development.
The Vice President and her government delegation visited Nakheel’s Dubai headquarters for discussions before touring the Palm Jumeirah by boat.
Nakheel is looking to build on the efforts on its sister company Liimitless which is already developing the AED2 billion Halong Star mixed-use project in Vietnam.
The 126 hectare, tourism-focussed Halong Star project is being built through a joint venture with a Vietnamese partner.
Overlooking the UNESCO World Heritage Site on Vietnam’s north-east coast, Halong Star includes hospitality, residential, retail and leisure components. Ground preparation and infrastructure work is in progress.
Halong Bay expects to attract 15 million visitors a year by 2020.
Ref: Property Report
