Thien Ma Madagui race course is on the priority list of investment projects in the 2011-2020 period of the Central Highlands province of Lam Dong despite facing the risk of being revoked due to long delays in construction.
|Thien Ma Madagui horseracing project was added to the investment priority list of Lam Dong province |
Deputy Prime Minister Trinh Dinh Dung has signed a decision to adjust the socioeconomic development planning of Lam Dong province by 2020. Accordingly, Thien Ma Madagui racing project was added to the list of priority projects.
Besides, the adjusted project is permitted to add betting to its business segments.
The project is developed by Thien Ma Madagui Racing JSC, a joint venture between Thien Ma Entertainment JSC and Hong Lam Madagui Co., Ltd., with a total investment capital of $50 million.
The complex, featuring a race track, a polo club, and an equestrian centre, was expected to attract even greater numbers of domestic and foreign tourists to the already popular central highlands province, the capital of which is the renowned hotspot Da Lat.
According to the plans, the construction of the project was to be completed in 2014, however, as of April 2016, there had been no signs of progress, except for some categories, such as three breeding stables holding about 100 horses, a horse training area, a veterinary dispensary, and housing for workers.