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Ha Long Star Development
Construction began 12 December, 2007, on the US$220 million Halong Star housing, resort and commercial complex in the northern province of Quang Ninh.
A joint venture of Limitless LLC of Dubai, Phuong Hung Joint Stock Co and International Property Investment Partners LLC, the project will include a 200-room five-star hotel, a 100-room luxury boutique hotel, villas, townhouses and apartments, and shopping areas.
The 125ha project will be developed in phases over a five-year period, with hotel and townhouses first to go up.
"Southeast Asia is one of the most exciting and dynamic market for Limitless," says the company’s chief executive officer, Saeed Ahmed Saeed, at the groundbreaking ceremony.
"It’s fast-growing economy will present Limitless with endless opportunities to demonstrate its core skills of master planning large-scale, balanced projects and waterfront development," he added.
Halong Star would make an effective contribution to developing Quang Ninh’s hospitality industry, said Quang Ninh People’s Committee vice chairman Nguyen Hong Quan
· Ms Lan Nguyen, Vice President, Asia Business Solutions and Director of International Property Investment Partners LLC (IP2) said “the partnership between Limitless, Phuong Hung and IP2 brought together the strength of each partner in local knowledge, large scale international development expertise as well as financial resources. This type of cooperation allows overseas investors to leverage the knowledge of local partner to move quickly project completion”
(2007-12-28)
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