FLC Faros to invest 2 billion USD in Quang Ninh

Quang Ninh province’s authorities have permitted the FLC Group to study to invest in the high-end entertainment and services complex in Van Don Special Economic Zone.
Quang Ninh (VNA) - Quang Ninh province’s authorities have permittedthe FLC Group to study to invest in the high-end entertainment and servicescomplex in Van Don Special Economic Zone.

According to the investment plan of FLC Faros Van Don Investmentand Development Co. Ltd (FLC Group’s affiliates), the project includes a largenumber of properties such as a resort, five-star hotel, internationalconference centre, casino, golf course, safari, museum, agricultural towncommunity and library.

The total project investment (including two sites in Ngoc Vung andVan Canh Island) is estimated at 2 billion USD on a total area of 4,000ha(2,500ha in Van Canh Island and 1,500ha in Ngoc Vung Island).

This will be the first casino for Vietnamese people, expected toserve a large number of travellers to Ha Long.

FLC is currently one of the biggest investors in Quang Ninh, withthe FLC Ha Long - among the top largest resorts in South East Asia - located onan 18-hole golf course on the hill with an investment of 3.4 trillion VND (149million USD); and the BT twin towers at the headquarters of the Ha Long’sPeople’s Council, Municipal Party Committee and Party Committee with a 123-millionUSD investment.-VNA
VNA

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