Da Nang Real Estate Market – Kuwaiti Investors’ Interest

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From March 6th to March 9th, 2017, Khaled Al-Mutairi, the Consul General of the State of Kuwait in Ho Chi Minh City, visited Da Nang to explore real estate projects on tourism, hotels and resorts which the city is calling for foreign investment. During the visit, Mr. Ho Ky Minh, Vice Chairman of Da Nang People's Committee had a meeting with the delegation.


Mr. Khaled Al-Mutairi became Kuwait Consul General in October 2016 and this was his first visit to Da Nang. Therefore, the Vice President welcomed the visit of the Consul General and introduced the delegation about Da Nang, the socio-economic development of the city as well as some major development orientations in the coming time. The Vice President suggested the Consul General to care about introducing Kuwaiti investors to invest in tourism, hotels, real estate and petroleum-supporting industries in Da Nang. In order to cooperate in a practical and effective way, the Vice President also invited the Consulate General to attend Da Nang Investment Promotion Seminar which is going to be held in 2017 to welcome the event that the city is hosting the APEC Summit and suggested the Consulate General to invite Kuwaiti enterprises to participate in the seminar as well.


Vice President Ho Ky Minh presented a souvenir to the Consul General of Kuwait


Kuwait Consul General expressed his impression witnessing the striking development of Da Nang city and emphasized Kuwaiti investors' interest in economic cooperation with Viet Nam in general and the real estate market in Da Nang in specific. Mr. Khaled Al-Mutairi requested the city to provide the Consulate General specific information on the city's investment procedures as well as incentive policies for businesses so that it can further exchange with Kuwaiti investors.


During his visit to Da Nang, the Consul General had a meeting with the Director of the Department of Foreign Affairs on policies to attract foreign investment to the city and investment related laws and also visited some coastal resorts in Da Nang which are calling for investment.


Hanh Nguyen

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