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Investors look to profit from APEC in Da Nang

Released at: 14:28, 09/05/2017

Investors look to profit from APEC in Da Nang

Photo: ADECC

APEC meetings set for November in central city have seen investors arrive en masse to seize opportunities in real estate and infrastructure.

by Doanh Doanh

Projects associated with the APEC 2017 Summit in Da Nang are expected to bring long-term and effective benefits to property investors in the central city.
The largest international event ever hosted by the city, the APEC 2017 Summit will take place in November and preparations are proceeding rapidly.
Da Nang welcomes APEC 2017
A series of construction works in service of the APEC meeting are giving the city a new look, of which the Tuyen Son Sports Palace has been upgraded for the Gala Dinner and the Exhibition Center will become the Press Center.
Hotels are also receiving investment and being upgraded and a number of new projects are being completed to be ready for use. Work at the international terminal at Da Nang International Airport will be finished this month and official opened soon after.

Ariyana Beach Resort and Suites

One of the key projects for APEC 2017 is the Ariyana Danang Exhibition & Convention Center (ADECC), which is finalizing construction and will open before the APEC meetings. The project has investment of VND350 billion ($15.7 million), with a total floor area of 12,000 sq m, of which the main conference room can seat up to 2,500 people and will become one of the largest convention centers in Vietnam.

Located on a prime site to the south of Furama Villas Danang and Furama Resort Danang, the ADECC is part of the 30-ha Ariyana Urban and International Tourism Complex, which consists of Ariyana Beach Resort and Suites Danang. The ADECC will host APEC meetings attended by 21 leaders of member countries as well as 16,000 representatives of major enterprises and members of the international media.

ADECC will not only serve the APEC meetings but also bring long-term benefits to Da Nang’s tourism sector in general and to investors buying villas and condominiums at the Ariyana Urban and International Tourism Complex in particular. The project will trigger a trend in tourism associated with conferences and events (MICE); a segment that has the potential to generate high revenue and high business performance.

In front for MICE

Industry insiders and prestigious organizations have evaluated Da Nang as having many advantages in developing MICE tourism. Readers of the Smart Travel Asia magazine voted the city among the “Top 10 Resort Destinations in Asia”. Last year, at the World Travel Awards, it was honored as “Asia’s Top Event and Festival Destination” and is a candidate yet again in this year’s awards.

Other events held in Da Nang are getting bigger and longer, such as the Da Nang International Fireworks Festival, which is held over a two-month period. Other international events attract thousands of visitors, such as the Asian Golf Tour, the International Clipper Sailing Race, and the Iron Man Triathlon.

Da Nang is aiming to be Vietnam’s “City of Events” and ADECC will be the venue for many major national and international events, arts and cultural occasions, and conferences and seminars held by major corporations. Demand for MICE is increasing rapidly. Last year, Da Nang welcomed 5.5 million visitors and this year targets 6.3 million, and this is why investors are rushing to build large hotel, villa, and condominium projects.

The Ariyana Investment Joint Stock Company will put 108 Furama Villas into use in order to serve APEC and welcome large events. The company also invested in the Ariyana Beach Resort & Suites condotel project, with more than 1,000 apartments. With the advantage of being right next to the ADECC, Ariyana Beach Resort & Suites is an ideal retreat for conferences and events and is the only luxury condominium resort in Da Nang with its own beach, and all apartments have ocean views.

The project has a 3,000 sq m dining area with five restaurants and four bars, together with gymnasium, spas, and cinemas. It is operated and managed by the Furama brand, which has 20 years of experience and a great reputation from managing Furama Resort Danang.

Ariyana Beach Resort & Suites is therefore attracting customers who are seeking an ideal home for their family and also offers profitable investment opportunities. In addition to receiving 15 days free each year, Ariyana Beach Resort & Suites owners also receive a return of a minimum of 10 per cent per annum for a period of up to ten years. The value of Ariyana Beach Resort & Suites’ properties will increase when ADECC and the expansion to the airport are put into operation.

According to smart investors, Da Nang has become the best investment destination in Vietnam, which explains why condominium projects such as Ariyana Beach Resort & Suites are increasingly attractive in the eyes of customers.

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