Dubai developer Limitless has signed a Memorandum of Understanding with the Vietnamese government for the implementation of Halong Star, the mixed-use residential and tourism project in Vietnam’s Halong Bay.
The agreement was signed in Dubai by Ali Rashid Lootah, Chairman of Nakheel and Limitless, Pham Minh Chinh, Party Secretary of Quang Ninh Province and Tran Ngoc Thac, Vietnamese Ambassador to the UAE at a meeting to discuss strategic partnership opportunities between Nakheel, Limitless and Quang Ninh Province.
The delegation from Quang Ninh Province was also given a tour of Nakheel’s key projects, including the flagship Palm Jumeirah island.
A Limitless spokesman said: “Halong Star is key to our portfolio and today’s MoU is another step forward in turning this project from a vision to a reality.”
Last month, Limitless announced its new joint venture partner for Halong Star: Hanoi-based Sovico Holdings.
Halong Star’s master plan includes homes, retail facilities and a hotel, all overlooking the UNESCO World Heritage Site of Halong Bay on Vietnam’s north-east coast.