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Home > Oil money heading for Vietnam’s luxury hotel industry?

Oil money heading for Vietnam’s luxury hotel industry?

By Paul Johnson on Aug 19, 2007 in Accommodation, Asia, Hotels, Middle East, Regions, Resorts, Saudi Arabia, United Arab Emirates, Vietnam

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.

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