Construction on the Sao Mai Tay Cai Dau New Urban Area project in An Giang Province began on July 12. — Photo www.sggp.org.vn

Construction began on the Sao Mai Tay Cai Dau New Urban Area project worth VND1.2 trillion (US$52 million) in An Giang Province last Sunday (July 12).

Covering 62 ha, the New Urban Area is located in Cai Dau Town in Chau Phu District.

Sao Mai Group Corporation (Sao Mai Group) is the project’s developer.

Tran Thanh Nha, chairman of the provincial People’s Committee, said the new urban area will create a driving force for the development of the province’s western region.

Le Thanh Thuan, general director of Sao Mai Group, said construction is scheduled to be completed in 2025.

The project will include a trading and service area, market, parks, villas, townhouses, commercial townhouses, office buildings and areas for cultural, physical training and sport activities.

It is expected to boost the district’s economic restructuring towards modernisation.

In the near future, the company plans to develop three more large-scale projects on a total area of 200ha in the province, with an estimated capital of more than VND6 trillion ($260 million). — VNS