By Shane McGinley
Qatar is planning to invest up to US$4bn in the Far Eastern country
Vietnam has started work on a number of Qatar-backed tourism projects as part the Gulf state’s plans to invest up to US$4bn in the Far Eastern country, officials said at the weekend.
“A number of Qatari projects are under preparation, which would make investments in Vietnam’s tourism sector, including construction of tourist complexes,” Nguyen Quy Phuong, director-general of travel industry management department at the Vietnamese Ministry of Culture, Sports and Tourism, told the Doha-based Gulf Times newspaper, without giving any further specifics on the projects.
Phuong was speaking in Doha on the sidelines of the opening of the 8th edition of the international travel expo (ITE), which was designed to promote tourism in Cambodia, Laos, Myanmar and Vietnam.
Officials said last month Qatar was planning to invest up to US$4bn in projects in Vietnam, including setting up of a labour centre to train workers before they travel to new jobs in the Gulf.
The agreements were signed as part of celebrations to mark the 67th Vietnamese National Day.
“Qatari Diar is undertaking various real estate development projects in joint ventures with local governments in Vietnam,” Vietnamese ambassador to Qatar Le Hong Phan told reporters.
“Negotiations are progressing to establish various multi-purpose facilities, residential and commercial projects and some hotels in Vietnam through joint ventures with Qatari Diar Real Estate Company. There have already been agreements on mutual co-operation and steps are being taken to work on the projects,” Phan told the Gulf Times newspaper.
Air lift between the Gulf and Vietnam is set to increase over the next year, with Abu Dhabi-based Etihad Airways set to start flying to Ho Chi Minh City in October 2013, while Dubai-based rival Emirates Airline began flying to the city on June 4.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.