Monday, August 20, 2007

Oil money heading for Vietnam’s luxury hotel industry?

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. Possibly related posts:
  • Hotel Babylon
  • Fido Friendly
  • The changing face of Ritz-Carlton