Foreign-backed Arque Degi to build $322 mln floating tourism-urban projects in central Vietnam
Authorities in Gia Lai province have granted an investment certificate to Arque Degi JSC to develop three floating tourism-urban projects worth a combined VND8.5 trillion ($322.42 million) in the De Gi lagoon area.
Arque Degi JSC represents a consortium that includes Vietnam’s Lac Viet Group, Switzerland's Finance Suisse, and European luxury super-yacht maker Palmer Johnson.
The developments comprise a 225-hectare southern De Gi floating tourism-urban complex (at the cost of VND2.28 trillion or $86.37 million), a 187-hectare central De Gi floating tourism-urban complex (over VND2.7 trillion or $102.23 million), and a 160-hectare northern De Gi floating tourism-urban complex (VND3.58 trillion or $135.83 million).
Construction is scheduled in two phases from Q2/2025 to mid-2032. The projects will be operational for 50 years.
Gia Lai authorities grants investment certificate to an Arque Degi representative for three projects in the De Gi lagoon area, central Vietnam. Photo courtesy of Vietnam News Agency.
Gia Lai Party chief Thai Dai Ngoc said the projects would serve as a new growth driver for the De Gi-An Luong coastal belt and enhance the province’s tourism competitiveness.
Local authorities have set up a task force to fast-track administrative procedures and prioritize land clearance and permitting.
The province urged investors to adhere to high design and environmental standards, aiming to develop a modern coastal complex tailored to luxury yachts and premium leisure tourism.
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Foreign-backed Arque Degi to build $322 mln floating tourism-urban projects in central Vietnam
Authorities in Gia Lai province have granted an investment certificate to Arque Degi JSC to develop three floating tourism-urban projects worth a combined VND8.5 trillion ($322.42 million) in the De Gi lagoon area.
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