Business

UAE businesses eye up Ho Chi Minh City’s market

A delegation of enterprises from the United Arab Emirates (UAE), led by the General Director of the Vault Investment Fund, Sultan Ali Ahamad Lootah, embarked on a fact-finding mission to Ho Chi Minh City in order to seek investment opportunities in the city.
A delegation of enterprises from the United Arab Emirates (UAE), ledby the General Director of the Vault Investment Fund, Sultan Ali AhamadLootah, embarked on a fact-finding mission to Ho Chi Minh City in orderto seek investment opportunities in the city.

During a meetingwith the delegation on May 25, the Chairman of the People’s Committee ofHo Chi Minh City, Le Hoang Quan, said the city welcomed investments inreal estate, hotels and tourism, car-parking systems and smart cityinfrastructure.

He stressed that municipal authorities wouldenhance their support and work closely with UEA businesses that are keento invest in fields mentioned above.

SultanAli Ahamad Lootah said UEA firms were interested in launching projectsin HCM City, adding that they would forge links with the city in orderto develop a car-parking network, hotel complexes and tourism servicesin the near future.-VNA
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