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.
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