HÀ NỘI — The People’s Committee of central Bình Định Province has approved investment for the FLC Cù Lao Xanh resort and villa complex in the province’s Quy Nhơn City.
Located in the west of Cù Lao Xanh Island, the complex, which is invested by FLC Faros Corporation, has an area of 120ha with total investment of VNĐ486 billion (US$21.6 million).
The project will include hotels, villas, resort and bungalows, as well as a sightseeing tower, beach, restaurant, spa and gym.
The island is considered “the pearl of the East Sea,” with natural beauty of the beach, magnificent rocks and rich coral reefs.
FLC Faros has targeted to have a design with minimal impact on the sea environment and that preserves the wild beauty of the island.
The project, together with FLC Quy Nhơn, is expected to change Cù Lao Xanh’s infrastructure and economy while contributing to the province’s tourism development. — VNS