Approval comes for hotel and trade center project in Quy Nhon city.
The Binh Dinh Provincial People’s Committee has granted approval to the construction of a trade center and the FLC Quy Nhon Hotel complex in the south-central province’s Quy Nhon city.
The project is being built by Faros Construction Ltd. with total investment of over VND800 billion ($35.7 million) on an area of 1.73 ha.
There will be a five-star hotel of international standard, a business center, and a saltwater swimming pool, with construction expected to begin in the second quarter of this year and be completed in the second quarter of 2018.
Chairman of the Provincial People’s Committee, Mr. Ho Quoc Dung, directed the investor to follow approved planning, pay the land rental for the entire lease term, and follow existing regulations. He added that Faros Construction must submit specific planning for the project to the provincial Department of Planning and Investment and People’s Committee in the first quarter of this year for evaluation and further approval.
Faros Construction is a member of the FLC Group, operating in the fields of trade, services, tourism, and real estate. The company has financial wherewithal and experience in building large projects, such as FLC Sam Son Beach & Golf Resort, FLC Garden City, FLC Complex Thanh Hoa, FLC Twin Tower, the five-star FLC Vinh Thinh Resort, FLC Star Tower, and FLC Green Home.
In Binh Dinh province the FLC Group has invested three other major projects: FLC Quy Nhon Golf Links, the FLC Quy Nhon ecotourism area, and the luxurious Eo Gio Nhon Ly Resort.