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VN, Israel developers build time-share

Update: March, 23/2012 - 10:04

HCM CITY — Construction began on Wednesday on the Mamna Luxury Holiday Resort in central Khanh Hoa Province, a time-share resort invested by the Golden Beach Co Ltd and the Rafaeli Group of Israel.

The project located in Cam Lam District has total investment capital of VND350 billion (US$16.7 million) and is expected to be put into operation in 2014. Covering 12hectares in the northern resort area of Cam Ranh peninsula, the five-star resort will include a spa, restaurants, high-rise hotels, services, sports complex, shopping malls, souvenir shops, health recovery center and swimming pool.

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