Dubai World has said that is targeting Vietnam for attractive investment opportunities.
The chairman of Dubai World, HE Sultan Ahmed Bin Sulayem, stressed the group’s commitment to supporting Vietnam’s economic drive during a meeting with the prime minister of Vietnam, HE Nguyen Tan Dung, who is on a state visit to the UAE.
“Vietnam is a market with huge growth potential and the government’s promotion of public-private partnership provides a promising investment climate,” said Bin Sulayem.
The group already has active presence in Vietnam through projects under global marine terminal operator DP World and master developer Limitless.
DP World operates the port near Ho Chi Minh City through a joint venture with the Vietnamese state-owned Tan Thuan Industrial Promotion Company (IPC).
Meanwhile, Limitless is involved in the $550 million Halong Star project – overlooking the UNESCO-sanctioned heritage site of Halong Bay on Vietnam’s north-east coast – which will include the area’s first five star hotel, conference facilities, residential units, and recreational, cultural and education facilities.“Vietnam is a key market for Limitless,” said Saeed Ahmed Saeed, CEO of Limitless.
“Despite current global market challenges, Vietnam is expected to continue to enjoy stable growth, with a demand for sustainable developments in Ha Long Bay, Hanoi and Ho Chi Minh City,” said Saeed Ahmed Saeed.
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