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Wednesday, October 20, 2021

Investors keen on Danang’s US$2-billion casino complex project

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HCMC – Two local investors and a foreign-involved joint venture have expressed interest in joining an auction for the rights to use the land of a premium casino complex project worth US$2 billion in Danang City, according to the Danang Department of Natural Resources and Environment.

They are the T&T Group, the Imex Pan Pacific Co.,Ltd and the joint venture of three businesses including Newtechco Import-Export JSC and two Singapore-based businesses Sakae Holding Ltd and Fission Holdings Pte. Ltd.

The municipal People’s Council on June 4 asked the city’s government to consider and approve the zoning adjustment of the trade-finance-casino complex project in Son Tra District, before carrying out procedures calling for an investment.

Covering an area of 8.4 hectares, the project will include premium apartments, hotels, a financial center, a casino, a convention center and a twin tower. It is part of the district’s land use plan that had been approved by the municipal government.

The Natural Resources and Environment Department will submit an auction plan for the project’s land use rights to the city’s government once the zoning adjustment has been approved.

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