A real estate corporation based in Dubai is preparing for a super project worth 30 billion USD with the nickname “Wall Street of Hanoi”. As expected, this project will be a modern city on an area of 35 km2 with a full range of services.
The project’s investor is Global Sphere Group. The project is located 4 km from Noi Bai International Airport, which is the largest project ever in Vietnam of a company from the United Arab Emirates (UAE). The first phase of the project, which worth about 10 billion USD, is expected to be completed in 2020. This project will have 70 apartment buildings with different heights, ranging from 40 – 70 floors. In the middle of the apartment buildings will be a 102-floor center tower.
The project will provide accommodation for approximately 300,000 – 400,000 people with the project’s design is similar to the central area of Dubai. As expected, the entire project will be completed in 2030.
This super project in Hanoi will be considered as a door for UAE companies wish to enter Vietnam market. Furthermore, this is the first Global Sphere project in Vietnam, but previously, the group has participated in a number of contracts in Vietnam with other partners, including the solar power projects with partner Worldtech Corporation.
(Source: VnEconomy, ANT Consulting)