Construction of the Sai Gon Exhibition and Fair Center, a joint venture of Saigontourist and the Phu My Hung Corporation, began in HCMC’s district 7 on April 20.
The center, covering an area of more than 100,000 square meters of area “A” in the Phu My Hung urban zone, will cost an estimated US$200 million.
The center will feature four 10,000 square-meter exhibition halls, a 20,000 square-meter outdoor display area, a 35-storey office building, a 2,000-seat international conference center, and one four-star hotel and one five-star hotel with a combined total of some 1,000 rooms.
The first phase of the project, worth more than US$30 million, will be complete by October 2008.
The center is expected to be a perfect location for MICE (Meeting, Incentive, Conference and Exhibition) visitors. Mr. Nguyen Huu Tho, Director General of Saigontourist and Chairman of the Board of Directors of the Sai Gon Exhibition and Fair Center, said.
