Construction on the Sao Mai Tây Cái Dầu New Urban Area project in An Giang Province began on July 12. — Photo www.sggp.org.vn
AN GIANG — Construction began on the Sao Mai Tây Cái Dầu New Urban Area project worth VNĐ1.2 trillion (US$52 million) in An Giang Province last Sunday (July 12).
Covering 62 ha, the New Urban Area is located in Cái Dầu Town in Châu Phú District.
Sao Mai Group Corporation (Sao Mai Group) is the project’s developer.
Trần Thanh Nhã, chairman of the provincial People’s Committee, said the new urban area will create a driving force for the development of the province’s western region.
Lê Thanh Thuấn, general director of Sao Mai Group, said construction is scheduled to be completed in 2025.
The project will include a trading and service area, market, parks, villas, townhouses, commercial townhouses, office buildings and areas for cultural, physical training and sport activities.
It is expected to boost the district’s economic restructuring towards modernisation.
In the near future, the company plans to develop three more large-scale projects on a total area of 200ha in the province, with an estimated capital of more than VNĐ6 trillion ($260 million). — VNS