A joint venture has been set up to implement a 200 million USD package financed by Emirates NBD Bank PJSC Group (United Arabian Emirates) for tourism, resort and hotel projects in Khanh Hoa central province.
The agreement on the joint venture was signed between Swiss Attixs Hospitality Group and Hanoi-based Bao Lam Investment and Trading Joint Stock Company on January 18.
CEO of Bao Lam Investment Joint Stock Company Nguyen Van Dung said the joint venture will start within this year the construction of a complex of 6-star resorts and villas in the north of Cam Ranh peninsula, with estimated capital of 80 million USD.
It will also survey and select other locations in Khanh Hoa for further projects, he added.
By the end of 2012, there were 32 licensed projects with a total registered investment capital of 20 trillion VND) in the northern tourism area of Cam Ranh peninsula./.VNA
