ID :
15598
Tue, 08/12/2008 - 10:55
Auther :

Leading Russian realty business inaugurates office

Hanoi (VNA) - Russia 's leading real estate business, Mirax Group, officially opened its representative office in Hanoi and received a licence for its first investment in Vietnam on August 11.

Under the license, the group will invest 200 million USD in a 300-room
five-star hotel and 100 villas on the Cam Ranh peninsular of central Khanh
Hoa province.

A deputy chairman of the group said the opening of the representative office
in Vietnam is Mirax's first step in its plan to get involved in property
development in Southeast Asia .

Founded in 1994, Mirax is one of the five largest groups of its kind in
Russia . It is carrying out projects in Ukraine , France , Turkey ,
Cambodia , the US and Switzerland .

In Russia , it has built the 432-metre Federation, the tallest building
in Europe.-

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