Japan’s Mikazuki Corporation to Invest US$100 million in Da Nang’s Tourism
Publish date 31-01-2018 11:05

On 29 January, Chairman of the Da Nang People’s Committee, Mr. Huynh Duc Tho, hosted a reception for General Director of Japan’s Mikazuki Corporation, Mr. Yoshimune Odaka, on his working visit to the city.

Mikazuki Corporation and Xuan Thieu Tourist Investment Joint-Stock Company proposed to the Da Nang People’s Committee to consider approving the expansion of the existing Xuan Thieu Tourist Area in Hoa Hiep Nam Ward, Lien Chieu District, with the expansion area of over 53,000 square metres in the form of annual land lease.

Earlier, the city People's Committee issued Announcement No 122/TB-UBND allowing Mikazuki Corporation to do surveys and invest in the expansion of Xuan Thieu Tourist Area. 

Covering an estimated area of 11.5ha, the Japanese-invested project is expected to feature a service complex which comprises a 5-star hotel, water and amusement parks, a food court and other auxiliary facilities.

Chairman Huynh Duc Tho highly appreciated Mizakuzi Corp’s decision to invest in Da Nang’s tourism properties.  The city leader said that, Mikazuki’s proposal would be taken into consideration by local authorities.  He added that, if the expansion plan is approved, the investor must conduct the land auction procedures in accordance with existing regulations.

Cong Tam