Dream House Investment Joint Stock Co (STC-listed DRH) has obtained a license from Kien Giang provincial People’s Committee to build a resort in Phu Quoc Island.
The project, namely Dream House Phu Quoc Resort, covers a site of 8.86 hectares, in Bac Bai Truong coastal tourism area, Duong To commune, Phu Quoc island District of Kien Giang. It comprises hotels, villas, resorts, and support works. Total cost for the project is estimated at more than 296 billion dong with the licensed operation time of 70 years.
Ground clearance and investment preparation will be conducted between Q4 of 2010 and Q4 of 2011, next the technical platform will be constructed in 2012 and the stage of work installation and construction in 2013, finally completion by 2014.
Earlier, on September 13, Dream House Garden JSC, an affiliate of Dream House Group was also licensed to invest in Orchids and Decorative plants production project by HCM City People’s Committee. The project with an operation time of 30 years is estimated to cost 20.9 billion dong.