The Damac group of the United Arab Emirates (UAE) is eying and investment of 1 billion USD in central Danang city, the group’s President Hussain Sajwani has said.

During a recent fact-finding visit to the city, Sajwani said his group wished to invest in building deluxe hotels and apartments in the southern area of the Hoa Hai golf course and several other areas of the coastal city.

According to the president, Damac’s experts will come to Danang in late April or early May for a feasibility study.

(Source: VNA)