Malaysian group gets license for $2 billion project

11:11, 05/11/2009

(ĐN)- Berjaya Land Berhad, a subsidiary of Malaysian Berjaya Group, received a license for Nhon Trach New City Center project in Dong Nai on Wednesday.

(ĐN)- Berjaya Land Berhad, a subsidiary of Malaysian Berjaya Group, received a license for Nhon Trach New City Center project in Dong Nai on Wednesday.

 

The license granting ceremony was held with the attendance of Secretary and Standing Deputy Secretary of Dong Nai province’s Party Committee Tran Dinh Thanh and Le Hong Phuong, Chairman of the provincial People’s Committee Vo Van Mot, Malaysian Ambassador to Viet Nam Dato’ Lim Kim Eng, Malaysian Consul General in Ho Chi Minh City Khairi Omar and Berjaya’s leaders.    

 

The 600-hectare Nhon Trach New City Center, the largest foreign investment project in the province so far this year, requires total investment of some US$2 billion and will be conducted in four phases from now until 2020.

Berjaya-D2D Co. signs MoU with Marriott International for Bien Hoa city square project

At the ceremony, Berjaya-D2D Company, a joint venture between Malaysian Berjaya Group and Industrial Urban Development J.S Company No.2 (D2D), signed a memorandum of understanding with the U.S. hotel management company Marriott Inc. to manage a five-star hotel in Bien Hoa city.

 

The 22-story hotel with 263 rooms is part of the broader Bien Hoa City Square project worth US$150 million which Berjaya - D2D is developing in Dong Nai Province.

 

This hotel will be the first international lodging brand name in Dong Nai, providing quality hospitality and convention space for the province, when it is operational in 2012.

 

Work on the Bien Hoa City Square covering nearly 2.6 hectares on Vo Thi Sau Street in the province’s Bien Hoa City started in September last year.

 

This project also comprises a 20-floor office building, a 20-floor high-end apartment building with 448 units and a three-story shopping center.

 

Speaking at the ceremony, Secretary Tran Dinh Thanh said that Dong Nai will continue to create favorable conditions for foreign investors, including Malaysia, during their investment process in the province.

 

Reported by V.L