Dubai’s Limitless receives investment certificate for Vietnam project
Halong Star, Limitless’ residential and tourism development in Vietnam, moved a step closer after the Quang Ninh state authority issued an investment certificate for the project.
The certificate of investment allows Limitless to legally move forward with the joint venture, on which infrastructure work is anticipated to begin later this year once the land lease has been obtained.
Limitless received the certificate during a high-level conference on promoting investment and improving provincial competitiveness in Quang Ninh, attended by leading government officials including Mr Hoang Trung Hai, Deputy Prime Minister of Vietnam. Limitless was invited to the seminar in recognition of its role as a key investor in the region.
Speaking at the prestigious event, Mohammed Rashed bin Dhabeah, CEO of Limitless, said: “Quang Ninh provides a host of opportunities for development in many sectors, especially tourism, and we very much look forward to the implementation of Halong Star.”
Halong Star’s master plan includes homes, retail facilities and a hotel, all overlooking the UNESCO World Heritage Site of Halong Bay on Vietnam’s north-east coast.