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Dubai- Global Sphere invests USD30b in Vietnam  Join our daily free Newsletter

MENAFN - 03/02/2013

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(MENAFN) Dubai's Global Sphere's Chairman, Dr Abdullah Al Sayegh, stated that the company plans to invest USD30 billion in a Vietnamese project, reported Arabian Business.

Al Sayegh said that the development firm has already launched the project, called 'Hanoi Wall Street' that will take 17 years to be ready.

He added that the project's first phase will be completed by the end of the decade, and will cost USD10 billion.

According to the chairman, the integrated community, the firm's first project in Vietnam, will comprise around 70 residential towers that will house between 300,000 and 400,00 people, and the engineering plan for the project is similar to Downtown Dubai.

 






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