The Swiss Trustee Suisse Group's Pearl of Asia Development Corp. announced on Monday it would spend six billion euro to build the Pearl of Asia Complex on the southern island of Phu quoc off Kien Giang Province, which if realized will be the biggest ever project of its type in Vietnam
The corporation said in its press release that it has obtained approval in
principle from Kien Giang Province as well as the office of the Prime
Minister.
The complex, which will cover 3,200
hectares, will be realised in two stages with total investment of six billion
euro, or more than US$9bil, the company said. "Initially, 275 hectares will be
developed at a cost of an estimated two billion euro," the company
said.
The corporation said that it would develop
the complex as a highest-quality holiday and entertainment area to provide
premium services to tourists.
The Pearl of ASIA will be located on a
pristine beach on the north-western tip of Phu quoc
It will be similar to a village, with
first-class hotels, luxury villas, sport facilities, a casino area, a modern
marine section for sports and mega yachts, a hall suitable for concerts, operas,
ballets, musical and film awards, and others. It will also have places for
business.
"The complex will form a comprehensive,
integrated and self-contained development," according to the release.
The news has been confirmed by an official
of Kien Giang Province.
Director of Kien Giang Province's
Department of Culture, Sport and Tourism Le Minh Hoang told the Daily that the
investor had submitted the plan to the provincial government, and has won
approval in principle.
"The provincial government has agreed in
principle, and also allowed the investor to make a detailed scheme for the
complex," he told the Daily via the phone on Tuesday.
Phu Quoc, nearly an hour's flying time
from HCMC, has a coastline of some 150 kilometers. It takes about an hour or so
to fly from the 561-square-kilometer island to some neighboring countries such
as Thailand and Singapore.
The central Government has planned to
develop Phu Quoc into an attractive tourist island to attract two to three
million tourists a year by 2020. The Government has also agreed in principle to
the development of casinos on the island.
(Source:
SGT)
Tag: Vietnam , Resort , Tour , Vietnam Tour , Travel , Resort In Phu Quoc , Phu Quoc , Asia Swiss firm plans multi-billion-euro resort in Phu Quoc
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