Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam
PDSI Group, a Dubai-based real estate and consulting firm, has expressed interest in developing a $2.6 billion commercial, tourism, and golf course complex in Binh Thuan, a south-central coastal province of Vietnam.
The project will cover 425 hectares in Tien Thanh commune, Phan Thiet town, with an estimated $1 billion in capital for the first phase, PDSI’s president and CEO Peter Dalkeith Scott said during a meeting with Do Huu Huy, Chairman of the Binh Thuan People’s Committee, on Wednesday.
PDSI's representative presents the project at a meeting with the Binh Thuan government in Phan Thiet town on March 26, 2025. Photo courtesy of Binh Thuan newspaper.
The development will feature two golf courses, a hotel, a shopping mall, villas, shophouses, high-end apartments, and other facilities, the executive elaborated.
Last November, PDSI conducted a survey in Binh Thuan to explore investment opportunities for the project.
In response, the Binh Thuan leader instructed relevant departments to assist the firm with investment procedures and pledged support for PDSI so that it could start the project soon.
Binh Thuan is a hub of renewable energy development in Vietnam. According to the provincial statistics office, the province welcomed over 9.6 million tourist arrivals in 2024, up 15.64% year-on-year.
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