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Nakheel to re-invest in Ha Long Star project

Update: December, 20/2014 - 09:45
The 125ha, US$550-million project aims to build a five-starhotel with 250 rooms, a luxury hotel with 100 rooms and 226 villas, as well as 114 apartments and a commercial centre. — Photo zing

HA NOI (VNS) — The United Arab Emirates-based real estate developer Nakheel will re-invest in January 2015 in the Ha Long Star urban and tourism project in the northern Quang Ninh province.

The Dau Tu (Investment) newspaper reported that the commitment was made during a recent official visit to theUAE by Viet Nam's Deputy Prime Minister Nguyen XuanPhuc.

The 125ha, US$550-million project aims to build a five-starhotel with 250 rooms, a luxury hotel with 100 rooms and 226 villas, as well as 114 apartments and a commercial centre.

Though its groundbreaking ceremony was held in 2007, the project has been delayed due to the corporation's financial difficulties.  — VNS

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