PDSI Group from UAE proposes $2.6 bln project in Binh Thuan

Binh Thuan province authorities on March 26 held a meeting with the PDSI Group (headquartered in Dubai, UAE) to discuss plans for a Service Complex project, according to a report from Radio the Voice of Vietnam.

During the meeting, Mr. Peter Dalkeith Scott, Chairman of PDSI Group, elaborated on the company’s vision for the project. After conducting thorough surveys and research, the group submitted a formal request to the Provincial People's Committee in November 2024 to gain approval for their ambitious plan.

The proposed complex spans approximately 425 ha in the Tien Thanh commune, Phan Thiet city, and encompasses a variety of components, including luxury resort hotels, high-end residential areas, a hospital, an international school, and two international-standard golf courses. The total estimated investment for the project is around $2.6 billion.

If the proposed investment is approved, phase 1 of the project will cover approximately 180 ha with an initial investment of VND25 trillion ($979 million).

Speaking at the meeting, Mr. Do Huu Huy, Chairman of the Provincial People's Committee, highlighted the potential feasibility of the project: "The province highly values the feasibility of the proposal. I urge PDSI Group to finalize their survey dossier in accordance with the provincial Department of Finance's guidelines."

"The Department of Finance, along with relevant units and particularly Phan Thiet city, must proactively collaborate on this matter. Thorough reviews of land funds, project scale, objectives, and overlapping plans are essential to ensure seamless implementation," he noted.