Da Nang seeking investment from UAE businesses

Central Da Nang city has held an investment promotion seminar in Dubai, United Arab Emirates (UAE), to introduce its potential and advantages as well as preferential policies for foreign investors.

Projects matching the potential and strengths of the UAE were introduced at the seminar, including the Da Nang International Financial Center, Lien Chieu Port, and logistics, tourism, high-tech, and IT centers.

Chairman of the Da Nang City People’s Committee Le Trung Chinh said a focus of the city has been on attracting FDI and it has wanted to invite businesses from the UAE to visit and hear about its investment climate.

The city is in discussions with flag carrier Emirates about the possibility of opening direct flights between Da Nang and Dubai, in a bid to help UAE businesses come to the city, he said.

Some participants, especially the LuLu Hypermarket chain in the UAE, expressed keen interest in seeking investment opportunities to build a logistics center in central Vietnam in general and Da Nang in particular.

Meanwhile, the Desert Harbor Tourism Company proposed that Da Nang promote the establishment of a Da Nang tourism representative office in the UAE to exploit the potential tourism market of the Gulf Cooperation Council.