Mr. Le Hoang Quan receives a business delegation of UAE - Mr. Le Hoang Quan receives a business delegation of UAE - Website Ho Chi Minh City
On May 25, Chairman of HCMC People’s Committee Le Hoang Quan received a business delegation of United Arab Emirates (UAE) led by General Director of Vault Investment Fund Sultan Ali Rashed Ahmad Lootah on a working visit to seek investment opportunities in HCMC.
At the meeting, Mr. Le Hoang Quan welcomed the visit of UAE’s business delegation, saying that HCMC would like to attract resources for investment and development, especially those from countries with advanced management standards. Mr. Quan hoped that Vault Investment Fund will invest in tramway system, tourism real estate projects, underground and high-rise parking lots and Metro lines. At the moment, public transport means in HCMC only meet 15% of the travel demands. In the future, HCMC hopes to meet from 25%-30% of travel demands of people through calling investment in infrastructure projects including tramway, metro, etc. He affirmed that HCMC will create favorable conditions for UAE’s enterprises to invest in HCMC.
In his part, Mr. Sultan Rashed Ahmad Lootah said that the working visit to HCMC aims to seek investment and co-operation opportunities in many fields. The delegation is paying a special attention to development investment of smart city project, underground parking lots, high-class hotel complex and international standard conference center, etc.