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$1.9bn to be channeled into racetrack, golf course in Da Nang

$1.9bn to be channeled into racetrack, golf course in Da Nang

Tuesday, November 26, 2019, 09:42 GMT+7
$1.9bn to be channeled into racetrack, golf course in Da Nang
Da Nang is spurring the development of premium tourism products such as golf courses. Photo: Tan Luc / Tuoi Tre

A horse riding club and a hotel-golf course complex have been included in a revised socio-economic development plan for Da Nang in the next decade, whereby about US$1.9 billion would be earmarked for developing such facilities.  

The chairman of the Da Nang People’s Committee, Huynh Duc Tho, signed a proposal on October 21 to the local decision-making People’s Council for considering adding horse racing and golf course construction to a master plan for socio-economic development in Da Nang from now until 2030.

The master plan would then be submitted to the prime minister for final approval.

Da Nang is a cultural, economic, social, and tourism hub of the central part of Vietnam, according to local leaders.

The city has some premium tourism products but it still lacks diversity, especially high-end services international visitors tend to look for.

So Da Nang is promoting the growth of tourism associated with golf.

A racetrack is to be built in order to help diversify tourist options, adding to local socio-economic expansion.

Such racetrack and golf course projects will help spur local tourism as well as that in neighboring Thua Thien-Hue and Quang Nam Province.

The racetrack, including horse racing betting, will be located in Hoa Ninh Commune, Hoa Vang District and Hoa Hiep Bac Ward, Lien Chieu District.

The project will feature a stud farm covering 93.1 hectares and a horse racing track spanning over 42.5 hectares, all costing $200 million.

A hotel-golf course complex will also be constructed in Hoa Phong and Hoa Phu Communes, located in Hoa Vang, measuring 497.4 hectares in area.

It will boast a 2,000-room hotel, 410 villas, an ecotourism site, and a 36-hole golf course.

The project will include entertainment components, lodging, and F & B services.

Its development will last from 2019 to 2028, with the 200ha golf course to be built between 2020 and 2022.

It is estimated to cost $1.7 billion to develop the entire complex.

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