HO CHI MINH CITY – Vietnamese real estate developer KN Cam Ranh Company Limited intends to call for partnerships to invest and operate a new 800-hectare integrated resort in Cam Ranh.
Hotels, retail spaces, attractions and a casino complex are part of the masterplan for the new development, KN Paradise Cam Ranh Integrated Resort (KNIR).
The development, which includes a 5km beachfront property, will be situated a five-minute drive from the Cam Ranh International Airport and 30 minutes’ drive from the Nha Trang City.
Other components in the project include a 27-hole golf course designed by Greg Norman, KN Golf Links, which opened in 2018, luxury resorts, branded apartments, villas, mansions, shophouses, townhouses, MICE facilities, luxury marina, union square, beach clubs, water park, theme park and more.
The developer intends to partner with an international operator on the casino complex, following the recent approval from the Vietnamese government that allows KNIR to develop a large-scale casino complex on the resort premises.
The planned casino is expected to span 16.2 hectares and has been approved for the operation of 200 gaming tables and 2,000 electronic gaming machines.
“Undeniably, our strategic location and development plan will create an indispensable addition to the Pan-Asia integrated resort marketplace,” commented KNIR’s investment deputy general director.
The company plans to participate in a variety of gaming events and trade shows in Asia.
TWA TAKE: Vietnam’s turn in the development spotlight is not about to end soon. There’s perhaps no better time for Cam Ranh to drum up interest with large-scale tourism projects and hotels, since the south-central Vietnamese city expanded its international airport two years ago.