UAE businesses seek investment opportunities in HCM City hinh anh 1Parking shortage plagues big cities (

Deputy Chairman of the Ho Chi Minh City People Committee Le Thanh Liem on July 31 received a United Arab Emirates (UAE) business group seeking investment cooperation opportunities in the southern city.

Sultan Rashed Ahmad Lootah, General Director of Vault Investment and Management Fund and head of the business group, lauded the city’s development potential and presented a smart city project and an underground car park initiative in the city.

The two projects would fall in line with HCM City’s priorities of advanced technology, a friendly environment and meeting the interests of citizens, he said.
Deputy Chairman Le Thanh Liem stressed that the city wishes to attract resources for development investment, particularly from foreign entities. The city also pledges to create favourable conditions for UAE enterprises.

He said he will instruct relevant agencies to work with the UAE side on the proposed projects.-VNA