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Wed 30 Sep 2009 10:01 AM

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Qatari Diar in talks over Vietnam investments

Gulf state's real estate investment arm in discussions over Da Nang City opportunities.

Qatari Diar in talks over Vietnam investments
VIETNAM LINK: Qatari Diar is in talks with officials regarding possible investment opportunities in Da Nang City.

Qatar's property investment arm is in talks to explore opportunities in Da Nang City, Vietnam, officials from both countries confirmed in a statement on Wednesday.

Qatari Diar CEO Ghanim Bin Saad Al Saad said Vietnam was "central to Qatari Diar'S continual expansion and delivery of world beating developments" following discussions with an official delegation from the country's Communist Party.

The delegation headed by the central committee member NguyenBa Thanh, visited the Lusail headquarters of the real estate investment company.

The visit focused on detailed discussions exploring investment opportunities in Da Nang City, a statement said, adding that talks will be ongoing between officials from Qatari Diar and Da Nang City.

Thanh said: "I believe in the prosperity of Qatar and its influential voice in the region and hope that relationships between the State of Qatar and the Socialist Republic of Vietnam will be further developed in the future."

In March it was reported that Qatar and Vietnam were in talks about setting up a $1bn fund to invest in sectors including agriculture and tourism.

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