U.K. Starbay Holding Starts Site Clearance of US$1.8B Resort Proj in Phu Quoc

      The U.K. Starbay Holding Ltd is clearing the site for its US$1.8 billion resort on Phu Quoc island off Vietnam’s southern province of Kien Giang.
Pham Vu Hong, chairman of the Phu Quoc island development board, confirmed that Starbay will start the project as soon as it completes site clearance.
Hong added that the board has given a nod to Tructsse Holdings of Switzerland for an expected US$2 billion realty project adjacent to Starbay’s resort.
The provincial authorities have just revoked licenses of 12 projects including a US$1 billion entertainment complex by the U.S. Rockingham Co.