Korean firms keen to invest in billion-dollar entertainment complex in Ha Long

VOV| 19/07/2024 12:12

The Korean Greyhound Association (KGA) has proposed investing between US$1 – 2 billion into an international sports and entertainment complex in Ha Long city of Vietnam’s northern Quang Ninh province.

KGA chairman Park Gi-beom made the proposal during his meeting with leaders of Quang Ninh on July 18 following a fact-finding tour of the locality.

Park revealed that the Ha Long international sports and entertainment complex will be built on a total area of 350 hectares in the city’s northern area into the largest of its kind in Asia.

The complex will feature amusement parks, entertainment and tourist sites, along with commercial services, competition venues, and a racetrack for dogs.

Furthermore, there will be other facilities specifically built for accommodation and sporting activities such as hotels, water parks, and areas for ice skating and ice hockey rinks.

The KGA representative expressed his hope that Quang Ninh would support the firm in conducting research and drawing up investment ideas to undertake the project, aiming to create new tourism products and services.

For his part, Cao Tuong Huy, chairman of the Quang Ninh Provincial People's Committee, appreciated KGA’s investment plan, which he said is on par with the province’s orientations to turn tourism into spearhead economic sector

According to the official, Quang Ninh is one of the three leading localities in the country in terms of attracting foreign direct investment (FDI). To date, there have been nearly 200 foreign-invested enterprises from 20 countries operating in the province with a total capital of nearly US$14 billion.

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