Nakheel Chairman hosts Vice President of Vietnam to explore long term collaboration

Nakheel Chairman hosts Vice President of Vietnam to explore long term collaboration

Her Excellency Madame Dang Thi Ngoc Thinh, Vice President of the Socialist Republic of Vietnam and Ali Rashid Lootah, Chairman of Nakheel, today held talks to explore a long term collaboration for real estate development.

The Vice President and her government delegation visited Nakheel’s Dubai headquarters for discussions before touring the world-famous, flagship Palm Jumeirah by boat.

The group learned how Nakheel’s creativity and innovation continues to set new standards in master planning, waterfront development and urban design, and how this unrivalled experience can be applied in Vietnam, where Limitless, Nakheel’s sister company, is already developing the AED2 billion, 126 hectare, tourism-focussed Halong Star project through a joint venture with a Vietnamese partner.

Overlooking the UNESCO World Heritage Site on Vietnam’s north-east coast, Halong Star includes hospitality, residential, retail and leisure components. Ground preparation and infrastructure work is in progress.

Halong Bay expects to attract 15 million visitors a year by 2020.

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