Total investment capital estimated at VND8.5 trillion ($322.3 million).

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 VND8.5
trillion ($322.3 million), according to a report from the Vietnam News Agency.

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 urbanization.

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.

VNA-Khánh Vân