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VinaCapital/CTF/SG - Hoiana Casino Resort - Quang Nam - Project Profile

Synopsis
"VinaCapital/CTF/SG - Hoiana Casino Resort - Quang Nam - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "VinaCapital/CTF/SG - Hoiana Casino Resort - Quang Nam - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
VinaCapital Group (VinaCapital), Chow Tai Fook Enterprises Ltd of Hong Kong (CTF), Suncity Group (SG) of China are undertaking the construction of a casino resort project at Chu Lai Open Economic Zone, Thang Binh district in Hoi An, Quang Nam, Vietnam.

The project involves the construction of a 1,000ha five-star resort complex. The project includes the construction of five-star hotels, a 1,000-room resort designed as villas, a casino, 2,500 residential units, an 18-hole golf course, a personnel training center and electronic gaming facilities. The project will be implemented in seven phases.

The first phase of the project involves the development of 163ha of land which includes the construction of a 445-room hotel, 220 residential apartments, a 18-hole golf course, a 1,000-room resort, an ultra-luxury all-villa resort which includes 70 private guest villas and 30 exclusive residences and a casino.

The first phase will be built at a cost of US$650 million.

The second phase of the project comprises the development of a high-end entertainment and hospitality resort. It includes the construction of beach resorts, villas, five lagoon hotels, a lagoon-side club, beach village, commercial village, a Vietnamese village, a adrenaline village, a water park and the installation of safety and security systems.

Robert Trent Jones II Golf Architects has been appointed to design the 18-hole golf course in the first phase.

The ultra-luxury all-villa resort will be managed by Rosewood Hotels & Resorts and will be named as Rosewood Hoiana. Denniston design firm will design the Rosewood Hoi An.

Hong Kong's New World Hotels will operate the 445-room hotel and 220 residential apartments in the first phase.

In July 2011, the project has secured planning approval, and has invested US$20 million in site clearance works. In September 2012, Genting Malaysia Bhd withdrew from the project.

In early 2014, VinaCapital appointed Pacific Peninsula Group as partner for the project. In October 2014, however, Pacific Peninsula Group withdrew from the project.

In March 2015, VinaCapital, CTF and SG signed an agreement as investors to undertake the project under a new license.

Coteccons Group has been appointed as contractor for the first phase. Foundation Engineering and Underground Construction JSC (FECON) was appointed to undertake the preliminary, piling, substructure works and underground drainage, lightning & earthing system for the first phase.

Suncity Group Management and Consultancy Ltd, a wholly-owned local subsidiary of SG will provide the technical, pre-opening, consultancy and management services.

On April 23, 2016, a groundbreaking ceremony was held.

On August 17, 2017, the construction works commenced on the first phase.

The construction works on the first phase are underway, with completion anticipated by the first quarter of 2019. Simultaneously planning activities on second phase are underway. The entire project is expected to be completed by 2035.

Scope
The project involves the construction of a resort and entertainment complex on a 1,000ha area at Chu Lai Open Economic Zone in Hoi An city, Quang Nam, Vietnam.

The US$4,000 million project includes the following:

1. Construction of a five-star hotel

2. Construction of 1,000-room resort villas

3. Construction of a casino

4. Construction of 2,500 homes

5. Construction of a 445-room hotel

6. Construction of 220 residential apartments

7. Construction of golf course

8. Construction of beach resorts

9. Construction of five lagoon hotels

10. Construction of a lagoon-side club

11. Construction of a water park

12. Construction of a commercial village

13. Construction of a beach village

14. Construction of a adrenaline village

15. Construction of a vietnamese village

8. Installation of elevators

9. Installation of security systems

Reasons To Buy
- Gain insight into the project.
- Monitor the latest project developments.
- Identify key project contacts.

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VinaCapital/CTF/SG - Hoiana Casino Resort - Quang Nam - Project Profile
Published By :Timetric
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