The Giant Dubai intend to build urban complex worth 30 billions USD in Vietnam

This super project will cover all complete services for one city with area of 35 Km2.  The first stage worth 10 billion USD will be completed by 2020.
Global Sphere, a company with head quarter in Dubai (UAE) announced will invest in one real estate project in Hanoi. This company planned to build 70 high building in Hanoi and call as “Wall street Hanoi”. This super project will has all services for one city on area of 35 km2.
Global Sphere president, Mr Abdullah Al Sayegh said:” This project is really complex with total value will be about 30 billions USD, the first stage worth 10 billions USD will be completed by 2020”. He also said that this project is only 4 km from Noi Bai international airport and is the biggest project invest by one UAE company in Vietnam.

Al Sayegh also said that there is big opportunity in investing in developing countries. This project will be completed by 2030. This project will be demonstrate the Downtown Dubai, and serve for about 300.000 to 400.000 people when completed. The Next of UAE will act as consultant for Global Sphere.
Global Sphere was established more than 10 years ago and cooperated with many European and American companies focus on investing capital for enterprises and governments in super projects such as building or petro and oil. 
AlSayegh said: “Global Sphere will be a gate for UAE companies investing in Vietnam because all works will be controlled by our company. Our projects are considered as investing and developing was surveyed by ambassadors by two sides”.
Global Sphere revealed that beside Arabian countries, they are investing in lesser developing countries in Asia and Africa. This company acting as partner and invest with rate to 80% or 100% project value. Benefit will be shared by both sides according to agreement.
Al Sayegh stressed this is their first project in Vietnam, however they also take part in several projects before. One of projects is investing in Hoang Son cement company (Thanh Hoa province), and solar energy complex at Phong Dien (Thua Thien Hue province), cooperation with Worldtech Corporation.

(According to The Gulf today)