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Oil money heading for Vietnam’s luxury hotel industry?

Category: Accommodation, Asia, Hotels, Middle East, Regions, Resorts, Saudi Arabia, United Arab Emirates, Vietnam — Paul Johnson @ 8:24 pm

Middle Eastern companies from Saudia Arabia and UAE are said to be investing in Vietnam’s luxury hotel sector. Saudi’s Jehan Holding Group is expected to invest US$1 billion in a high-end resort in Da Lat, whilst Dubai’s Kingdom Hotels Investments has made an agreement with the central Da Nang government to develop a $60-million resort in My Khe.