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1.2-billion USD project approved in HCM City

The Ho Chi Minh City People’s Committee granted an investment licence to the Empire City project worth 1.2 billion USD inside the city’s Thu Thiem urban zone on June 30.
The Ho Chi Minh City People’s Committee granted an investment licence tothe Empire City project worth 1.2 billion USD inside the city’s ThuThiem urban zone on June 30.

Covering 14.5hectares, the complex will include a trade centre, five-star hotel,office building, apartment building and underground parking lot. Thehighlight of the project will be an 86-storey skyscraper, developed tobe an observatory tower.

Construction on the project is expected to begin within this year and be completed in 2022 through four phases.

Chief Executive Officer of the Empire City Joint Venture Vo Sy Nhansaid the company is working hard to carry out all necessaryadministrative procedures to facilitate groundbreaking of the project bythe fourth quarter of this year.

Vice Chairmanof the municipal People’s Committee Nguyen Huu Tin hailed the importanceof the project in completing the infrastructure system and landscape inthe new urban zone.

He asked departments and agencies to facilitate the implementation of the project.-VNA
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