.jpg "Photo: Photo courtesy of Khang Thong Corp")
Hanoi-based infrastructure developer Khang Thong Corp will invest $2 billion to build the Happyland theme park and amusement complex in Long An Province.
The 338-hectare complex in Ben Luc District, situated 20 minutes by road from Ho Chi Minh City, will have a $600 million theme park designed and operated by the US-based Steelman Partner, Singapore-based Meinhardt Group, and UK-based PricewaterhouseCoopers and Savills Property Group.
It will reportedly be modeled on famous international theme parks like Walt Disney and Universal Studio.
The complex, licensed in June, will have an exhibition center, a commercial center, hotels in categories ranging from three-to five-star, a water park, film studio, discotheque, museums, apartments, and villas.
Khang Thong will obtain loans from Agribank, BIDV, and Oceanbank and sell stakes in its subsidiary, Phu An Infrastructure Investment and Development Co, to foreign investors.
Work is expected to begin next January and finish in April 2014.
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