A Dubai-based development company has launched a major project in Vietnam’s capital city which will cost US$30bn (AED110bn) and take 17 years to complete, reported Trade Arabia.
Global Sphere’s project dubbed ‘Hanoi Wall Street’ will feature complete city services over an area of 35 sqkm and represents the largest Vietnamese venture by a company from the UAE.
Chairman of Global Sphere, Dr Abdullah Al Sayegh, said the project will be an integrated community, with the first phase expected to be finished by 2020, at a cost of US$10bn (AED36.7bn). The full project is expected to end in 2030.
Al Sayegh said the project will have about 70 residential towers which will “accommodate between 300,000 and 400,00 people” and that the “engineering plan for the project resembles Downtown Dubai”.
No comments:
Post a Comment