New urban area in Da Nang granted investment licence

14/11/2007 -- 10:26 PM

Da Nang (VNA) – The central Da Nang city People’s Committee has granted an investment licence to the Republic of Korea’s Daewon Cantavil construction company for an international 210-ha urban area in the city’s Hai Chau district. The 250 million USD project, the fifth Daewon project in Viet Nam , is the city’s first land reclamation onto the sea. The complex will comprise high-grade resorts, an 18 hole golf course, hotels, convention halls, offices, trade centres, villas and apartments. The Land reclamation is expected to complete in 2010 and construction of the complex will take another 10 years.-Enditem
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