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During the meeting, Mr. Song In-Soo, Vice Chairman of MDA E&C Co., Ltd., shared that Asia Urban Development Co., Ltd. (headquartered in Seoul, South Korea) and MDA E&C Co., Ltd. (based in Hanoi, Vietnam) are companies specializing in real estate development, investment in urban and industrial infrastructure construction, and golf courses.
Recognizing the potential and strengths of Gia Lai province in developing eco-tourism and premium sports, the South Korean company proposed investing in two international-standard golf and resort complex projects on an area of 550 hectares with a total investment of 60 million USD.
The projects aim to meet the needs of physical training, entertainment, and recreation for the people of the province and neighboring areas, while also attracting international guests such as professional athletes, businessmen, experts, and tourists to the province.
During the meeting, the departments had exchanges with the South Korean businesses on the province’s investment attraction and incentive policies, the procedure and conditions for investor selection through bidding, and some favorable and suitable locations for the investors’ project implementation needs.
Vice Chairman of the Provincial People’s Committee, Mr. Nguyen Huu Que, shared that to attract businesses to invest in the province, in addition to geographical and natural advantages, Gia Lai province is ready in terms of planning, clean land funds, open investment environment, and transportation infrastructure connectivity. Currently, the province is urgently preparing the conditions to commence the Project for constructing the second runway and synchronous works at the Phu Cat airport and the Quy Nhon-Pleiku expressway project.
Regarding the projects proposed by the investors, Vice Chairman Nguyen Huu Que affirmed that these projects are included in the Gia Lai Provincial Planning for the period of 2021-2030, with a vision towards 2050, which has been approved by the Prime Minister in Decision No. 1750/QD-TTg dated December 30, 2023. They are also in line with the local socio-economic development orientation in the coming time.
The Vice Chairman welcomed the South Korean enterprises to explore investment opportunities in the province and committed to creating all favorable conditions for investors to quickly implement the next steps to start the projects.
Also, at the working session, the Department of Finance, Asia Urban Development Co., Ltd., and MDA E&C Co., Ltd. signed a Memorandum of Understanding on investment cooperation to establish a cooperative relationship and support in researching and surveying investment opportunities in Gia Lai province.
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