Dak Lak PPC recently held a working session with Indochina Kajima Development to discuss the company's investment proposals in the province.

Delegates attending the working session.

Briefing provincial leaders, Mr. Peter Raymond Ryder, Chairman of Indochina Capital Group and Chairman of the Board of Indochina Kajima Development, said that the company is a joint venture between the US-based Indochina Capital Group along with Japan’s Kajima Corporation. The company develops a portfolio of real estate projects in Vietnam, with a particular focus on resorts, industrial real estate, together with office developments.

In Dak Lak, the company is developing the Mandarin Oriental Bai Nom Resort in Xuan Canh commune, one of its flagship investment priorities. Phase 1 involves an investment of 160 million USD, while Phases 2 and 3 are scheduled for implementation over the next decade with combined investment reaching 500 million USD.

The project aims to develop as well as operate an internationally recognised luxury resort destination, creating a novel tourism landmark for Dak Lak in particular as well as the South Central Coast and Central Highlands in general, while contributing to the provincial socio-eco development. The investor expressed its hope that the province would continue accompanying and supporting the project throughout its implementation.

Addressing the working session, comrade Do Huu Huy, Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, and PPC Chairman, appreciated the investor's commitment coupled with determination, alongside the project's scale. He expressed confidence that implementation would proceed on schedule, with Phase 1 expected to become operational in 2028, creating a provincial novel landmark. The provincial leadership together with relevant departments and agencies will continue accompanying while facilitating the investor throughout the project implementation.

Translated by KHUONG THAO