Phat Dat owns largest estimated total investment in Binh Dinh Province
On August 20, 2019, at the Central Economic Development Conference, Phat Dat Real Estate Development (ticker: PDR) was awarded the Approval of Investment Policy and Investment Registration Certificate for Project Nhon Hoi Urban Eco-tourism Area, Binh Dinh. The conference gathered more than 700 delegates from the Government, ministries, central agencies, provincial governments, experts, scientists, as well as domestic and foreign investors. PDR, together with 14 other companies, were awarded Investment Registration Certificates for 15 projects with a total estimated investment of VND 36,252 billion. In particular, PDR has the highest expected total investment capital, which nearly doubles the amount of the remaining 14 companies together.
Currently, PDR is investing in Nhon Hoi Urban Eco-tourism Area Project, Binh Dinh Province, including 03 Zones: 2, 4 and 9 with a total land area of up to 116.2 ha and total estimated investment of over VND 25,500 billion.
Chairman and CEO Nguyen Van Dat received flowers and an Investment Registration Certificates at the ceremony, in the presence of the Prime Minister.
The Nhon Hoi Urban Eco-tourism Area project coupled with the Bac Ha Thanh Residential Area project cover a total area of 55.7 hectares, pushing PDR’s total owned land fund in Binh Dinh province to 171.9 hectares, which accounts for 41% of the company’s total owned land fund in 2019.