Gia Lai (VNA) – The central province of Gia Lai on November 28 handed over investment licences to Arque Degi JSC for implementation of three strategic floating urban - tourism projects with a combined capital of about 8.5 trillion VND (322.31 million USD).
At a working session with Arque Degi JSC and a group of investors from Switzerland, Monaco and Panama on the three projects, Secretary of the provincial Party Committee Thai Dai Ngoc said the projects represent a significant milestone in the province’s socio-economic development strategy, underpinning efforts to advance the high-end real estate sector and luxury super-yacht tourism.
He noted that the schemes are expected to attract global billionaires, political figures and leading personalities seeking premium leisure experiences.
Chairman of the provincial People’s Committee Pham Anh Tuan affirmed that Gia Lai has created favourable conditions for the investor to expedite implementation. Once operational, the projects are expected to reshape the province’s economic structure, especially tourism and services, and help establish a financial services hub catering to high-net-worth visitors.
Tong Duc Hieu, Chairman of Lac Viet Group and Director of Arque Degi JSC, described De Gi Lagoon as the world’s first fully zero-emission floating super-yacht community—an unprecedented model designed to position Vietnam at the forefront of global luxury and sustainable living.
According to Hieu, Arque Degi representing Lac Viet Group, Finance Suisse (Switzerland) and the 100-year-old super-yacht builder Palmer Johnson surveyed 3,200 km of Vietnam’s coastline, identifying central Vietnam—and Gia Lai in particular—as uniquely endowed with enduring natural, climatic and cultural advantages suited for establishing a special economic zone in the Cat Tien–De Gi area.
The three projects are expected to create a breakthrough for Gia Lai, placing the province on the map of premium tourism destinations and turning the De Gi–An Luong coastal area into a model growth pole that attracts high-quality investment and drives smart urbanisation.
The floating urban–tourism complexes, covering the Southern, Central and Northern zones with a total area of more than 500 hectares in De Gi and An Luong communes, include floating hotels and villas, hillside hotels, mountain villas, a super-yacht marina, a golf course, urban clusters, resort villages, community-based tourism areas and a “billionaire island”.
Under the approved plans, Arque Degi is the sole investor, with a 50-year operating term. The projects are expected to drive urban, service and marine eco-tourism development and expand Gia Lai’s southeastern growth corridor.
On the occasion, Arque Degi presented 1 billion VND in support of local communities affected by recent storms and flooding./.
