Recently, Dubai-based multi-industry group PDSI proposed to invest 2.6 billion USD in a service complex combined with a golf course in the southern area of Phan Thiet City ( Binh Thuan Province). The project has a scale of about 425 hectares, of which more than 180 hectares will be deployed in the first phase, stretching from Phan Thiet City to the border of Ham Thuan Nam district.
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| Representative of PDSI Group presented the idea of implementing the project of Service Complex combined with golf course in Binh Thuan. Photo: Binh Thuan Newspaper |
According to Mr. Peter Dalkeith Scott, Chairman of PDSI Group, the project is expected to include apartments, resort hotels, residential areas, commercial centers, parks, two golf courses, international schools, private hospitals, community sports clubs, artificial ski areas, private beaches and wave pools.
“This is a great investment opportunity, affirming our long-term commitment to Vietnam,” Mr. Scott told Dau Tu Newspaper. He said that PDSI has been present in Vietnam since 1992, when it developed Song Be Golf Course, Vietnam’s first international golf course, with Swiss and Singaporean partners.
In 2017, PDSI established a joint stock company in Vietnam with domestic and foreign partners to research the market and seek suitable opportunities that bring practical value. “We do not follow trends or short-term profits, but focus on meeting real market needs,” Mr. Peter Dalkeith Scott emphasized.
Dubai-based multi-industry group PDSI has proposed investing $2.6 billion in a golf course and service complex in the southern area of Phan Thiet City (Binh Thuan Province). 
Not only PDSI, many other large corporations in Dubai are also targeting Vietnam. Damac Group, through its subsidiary Edgnex Data Centers, plans to invest $3 billion to develop data centers in Malaysia, Indonesia, and Thailand over the next five years. According to Bloomberg, Damac has purchased land for four data centers in Malaysia and Indonesia and is evaluating similar investment opportunities in Vietnam and the Philippines, with details expected to be announced in 2025.
The expansion plan in Southeast Asia is part of Damac's $5 billion to $7 billion global strategy to make the region a key digital hub for artificial intelligence (AI) and cloud computing services.
Speaking to Dau Tu Newspaper reporters, Mr. Tyler McElhaney, Country Director of APEX Group (an independent fund management company licensed at the Dubai International Financial Center - DIFC) commented that Vietnam is becoming a more attractive destination than ever for Dubai investors, especially after Vietnam and the United Arab Emirates (UAE) completed the Comprehensive Economic Partnership Agreement (CEPA) in October 2024.
“With a forecast of at least 6.5% economic growth in both 2025 and 2026, and a strategic focus on infrastructure development – from airports, seaports to highways – Vietnam is opening up many attractive opportunities for UAE businesses,” said Mr. McElhaney.
He also believes that the presence of PDSI will play an important role in elevating the tourism and real estate industry in Vietnam, not only attracting high-end guests and international investors, but also contributing to improving local infrastructure.
“With extensive experience in trade development, investment and consulting in Southeast Asia, Europe, Africa, Australia and the Middle East, PDSI is well-positioned to contribute effectively to the Vietnamese market,” added Mr. McElhaney.
Rapid urbanization, stable economic growth and a series of large-scale infrastructure projects are key factors helping Vietnam attract investment capital. High-end projects such as golf resorts, luxury hotels and multi-purpose complexes are attracting increasing interest and are in line with the strengths of Dubai investors - who are famous for their ability to deploy large-scale luxury real estate.
“To succeed in Vietnam, Dubai investors need to choose the right local partners and align their projects with the Vietnamese Government’s development goals, including smart cities, green energy and sustainable infrastructure. In particular, they should focus on investing in transport infrastructure and industrial zones – important pillars for Vietnam’s economic growth and foreign direct investment (FDI) attraction,” Mr. McElhaney recommended.
Source: https://baodautu.vn/viet-nam-la-diem-den-hap-dan-voi-nha-dau-tu-dubai-d269498.html
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