Quang Ngai awards investment licences to new projects valued at nearly $600 million

December 26, 2023 | 17:46
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At the announcement ceremony for Quang Ngai’s provincial planning for the 2021-2030 period, with a vision to 2050, and the commencement of the Hoang Sa-Doc Soi road project on December 24, Quang Ngai People's Committee awarded investment policy decisions to representatives of a number of projects.

NHSLAND Real Estate Investment and Business Co., Ltd. can now implement the Quang Ngai coastal ecological urban area project over nearly 94 hectares with a total registered capital approximating $300 million.

Quang Ngai awards investment licences to new projects valued at nearly $600 million
Representatives of the new projects receiving congratulatory flowers from provincial leaders

The project aims to form a new urban area combining ecotourism with sociotechnical infrastructure that is closely linked to the surrounding landscape, meeting the housing needs of residents and providing accommodation services for tourists. It will also contribute to the development of urban tourism services in Quang Ngai province to supplement the state budget revenue.

Thang Long Real Estate and Trading Investment JSC was granted a licence to become the investor in the Bau Giang urban area project.

With concerted efforts by the provincial management, Quang Ngai has increased its appeal to the investor community.

With the registered investment capital of nearly $140 million and covering nearly 50ha, the project is based in Nghia Trung commune in Quang Ngai city.

The goal is to build a civilized, modern, and synchronous new urban area with technical and social infrastructure that is in tune with the surrounding landscape in accordance with the planning orientations of Quang Ngai city and Tu Nghia district.

Furthermore, Messer Quang Ngai Industrial Gas Co., Ltd. was approved as the investor for its industrial gas production plant in the Dung Quat Economic Zone.

The German-funded venture has a total investment value of $133.3 million and will produce gases and liquid chemicals for industrial production.

At the announcement ceremony, Bui Thi Quynh Van, Secretary of Quang Ngai Party Committee said, "At today's conference, we witnessed the commencement of Hoang Sa-Doc Soi road, a key project to welcome the 21st provincial Party Congress, and awarded investment policies for three projects with a total value reaching $590 million."

“These ventures will be a driving force and an important first step in realising the provincial planning strategy,” Van noted.

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