Mikazuki Group to Invest $ 100 Million to Develop Da Nang Tourism

Mikazuki Group to Invest $ 100 Million to Develop Da Nang Tourism

Chairman of the Danang City People's Committee, Huynh Duc Tho, has had a meeting with General Director of Mikazuki Corporation (Japan) Yoshimune Odaka to promote real estate investment projects in Da Nang in the near future.

Invest in Vietnam - At the meeting, representatives of Mikazuki Group proposed City Da Nang city People's Committee for review and proposal of the project expansion of Xuan Thieu Tourist Area (Hoa Hiep Nam, Lien Chieu) with an expanded area of over 53,000m2 in the Southwest and Northwest areas of Xuan Thieu Tourist Area in the form of annually paid land lease.

According to the proposal of the corporation, the total investment to expand Xuan Thieu tourist area will be about $100 million, to develop tourism service complex including 5 star hotel, water park, public game room and food area. If approved and implemented, this will be the largest FDI investment in the real estate sector in 2017 of Da Nang.

Chairman of the Da Nang City People's Committee, Huynh Duc Tho, said that the Mikazuki Group must also do the procedures for land auction as prescribed if the project is adjusted to expand. Da Nang Authority will conduct procedures to call for land auction in this area to ensure publicity and transparency.

/baocongthuong.com.vn/

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