» » Work starts on US$60.5-mil. office building at SHTP

Internet New City Co., Ltd. and its partner Lion Asia Corp. on Thursday commenced work on a US$60.5-million office building project at the Saigon Hi-Tech Park (SHTP) in HCMC’s District 9.

The 15-floor Internet New City project, covering 34,700 square meters, will comprise three towers for office and commercial purposes.

It will provide customers, especially hi-tech firms, with new office buildings accompanied by a network of trade, services, training and conference exhibition space, said Hoang Van Hien, general director of Lion Asia Corp.

When in place after two years of construction, the project will provide data centers, call centers, and facilities for customer support, IC design and applications, software development, and web and mobile devices applications development, Hien said.

Brunei’s New City Co., Ltd. got a license for the project in late 2007 but had delayed the project due to financial distress. And the project was restarted on Thursday thanks to Lion Asia Corp’s financial support.

Le Thai Hy, head of Saigon Hi-Tech Park Authority, expressed appreciation of the company’s commitment to the park, saying the global recession had been unable to force the investor to shelve this project.

The project will contribute to the city’s effort to restructure the economy toward value-added services, Hy said.

SHTP is now home to 36 projects with total capital of US$1.71 billion, with eight projects already operational and employing nearly 8,500 local and foreign workers. It is expected that by the end of 2012, SHTP tenants will create more than 12,000 jobs.

Vnre - Source: The Saigon Times

Post a Comment