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First horse racing course to be built in Da Nang

First horse racing course to be built in Da Nang

The Central coastal city is planning to allocate 300ha for building a horse racing track and farm with total investment cost of $200 million.

16:00, 27/02/2019

An investor - Maxtrix Holdings - had asked Da Nang government to allocate 100ha for a horse race track and 200ha for a farm and training facilities, said Huynh Thi Lien Phuong, Deputy Director of the city’s Investment Promotion Agency (IPA). She added that the central city had chosen an appropriate area for the project.

Reportedly, the horse racing track project has the biggest investment of 44 plans approved by the Da Nang People’s Committee in January.

Along with the project, Da Nang is also looking to develop the Da Nang Software Park No.2 on 5.26ha, with an estimated investment cost of $91.6 million, and the Pegasus University urban zone, which includes a software park, a 26-floor apartment building and offices, with nearly $15 million.

Beside, Da Nang will also reserve land for building a financial centre, casino and resort projects along Vo Van Kiet and Vo Nguyen Giap streets of Son Tra District.

IPA said the Central city has granted 322 new licenses for domestic investors worth VND97 trillion ($4.2 billion) and attracted 675 foreign direct investment projects worth $2.9 billion in total. Enterprises from Singapore are eying the city as a potential investment destination in Central Viet Nam, especially in healthcare, advanced technology and tourism sectors.

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