The company submitted its plans to Ba Ria-Vung Tau province authorities when a delegation, led by chairman and CEO William Lee, visited the Sea Festival 2006 in Vung Tau last week. It also assigned Good Choice Imports-Exports & Investments, Inc (GCII), one of PDE’s affiliates, to proceed with the two projects, with a combined investment capital of up to $550 million.
One of the proposals includes a theme park project, named ‘Wonderful World’, which will cover nearly 200 hectares in the Vung Tau’s Bau Trung area and feature an amusement park modelled on Disneyland with entertainment for children and adults.
The giant park will also house a “Wonders of the World” site, where spectators will find replicas of the Eiffel Tower, Golden Gate Bridge, the Egyptian Pyramids as well as an international conference centre, shopping malls, internationally-standardised hotels and restaurants, 3D cinemas, and open-air stages. The cost for the project is estimated at $300m.
