Brunei Firm Okayed to Build US$4.3 Bln Tourist Complex in Central Vietnam
New City Properties Development Co. Ltd. from Brunei has got a license to build a high-grade tourism complex to the tune of US$4.3 billion in the central Phu Yen province of Vietnam.
To cover 565 hectares in Tuy Hoa city, the project will feature luxury resorts, 4,300 five-star and 8,900 four-star hotel rooms, 160 high-grade villas, a 36-hole golf course and many other service facilities.
It is scheduled for completion in 2017.
On the occasion, Phu Yen province also granted investment licenses to three new and two expanded projects with a combined capital of US$64 million. These projects are expected to jobs for more than 33,000 workers.
Phu Yen has a lot of beautiful natural landscapes and some cultural and historical places so that they can be built to become zones for tourism resting hunting climbing and swimming.
The provinces tourism developing project includes the following contents. - Upgrading and expanding the tem of hotels in Tuy Hoa Town building the coastal lines Tuy Hoa - My A and some separated resorts at the My A Beach. (Young People, Labor)
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