The central city is planning to allocate 300ha for the development of a horse racing track and farm with total investment of US$200 million.

A development plan of Da Nang city. The city has called for investment in a horse race track centre with an investment of US$200 million.

Deputy director of the city’s Investment Promotion Agency (IPA), Huynh Thi Lien Phuong, said an investor – Maxtrix Holdings – had asked the city to allocate 100ha for a race track and 200ha for a farm and training facilities.

Lien said the city had chosen an appropriate area for the project.

The project has the biggest investment of 44 plans approved by the city’s People’s Committee last month.

The city is also looking to develop the Da Nang Software Park No 2 on 5.26ha with an estimated $91.6 million, and the Pegasus University urban zone with an investment of $15 million.

It said the project would include a software park, a 26-storey apartment building and offices.

Da Nang will reserve land for building a financial centre, casino and resort projects along Vo Van Kiet and Vo Nguyen Giap streets in Son Tra District.

According to the IPA, Da Nang has granted 322 new licenses for domestic investors worth VND97 trillion ($4.2 billion), and attracted 675 foreign direct investment projects worth $2.9 billion.

The IPA said businesses from Singapore were eying Da Nang as a potential investment destination in central Viet Nam, especially in the fields of healthcare, advanced technology and tourism. — VNS