Russian firm to build resort in Khanh Hoa

Wednesday, Mar 05, 2014 16:30

A master plan of the Cam Ranh Flowers Resort. — Photo baokhanhhoa.com.vn

HA NOI (Biz Hub) ― The Moscow-based State Development Company on March 4 began the construction of a US$90 million tourism complex in the central Khanh Hoa Province's Cam Ranh Peninsula.

The Russian firm said the 15-hectare Cam Ranh Flowers Resort will have a five-star hotel, over 100 apartments and 56 villas. It is expected to be completed within 30 months and will be managed by the Dusit International Company.

In 2004, Khanh Hoa adopted the northern part of the peninsula as a key tourist area of the province. ― VNS

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