3 world-class superyacht resort projects to be developed in Vietnam’s Gia Lai

These projects are set to span a combined area of 572 hectares.

The projects include the southern floating urban and tourism complex, the central floating urban and tourism complex, and the northern floating urban and tourism complex.

According to design plans presented by the investor, the developments will encompass the entirety of De Gi Lagoon and Vung Boi Beach, an area prized for its sweeping salt-water lagoon and long, pristine shoreline.

The southern complex spans 225 hectares in De Gi Commune, known as Cat Khanh Town and Cat Minh Commune in Phu Cat District in former Binh Dinh Province, with an investment of VND2.3 trillion ($86 million).

The new Gia Lai Province was formed by merging the old province with Binh Dinh Province on July 1.

The central complex covers 187 hectares in An Luong Commune, formerly My Thanh Commune, Phu My District, backed by VND2.7 trillion ($102.6 million) in capital.

Meanwhile, the northern complex occupies 160 hectares in An Luong Commune with a planned investment of over VND3.5 trillion ($136 million).

Arque Degi JSC, the project owner, is headquartered in Cat Tien Commune, and is fully domestically funded with a charter capital of VND1.5 trillion ($57 million).

Gia Lai Party secretary Thai Dai Ngoc emphasized that the investment in the De Gi Lagoon area marks a significant milestone for the province’s socio-economic growth.

These projects will elevate Gia Lai’s high-end tourism strategy, drawing billionaires, political leaders, Middle Eastern royalty, and global celebrities, he said.

His vision is for the projects to position Gia Lai as a premier destination for luxury tourism and services in both Vietnam and the world.

Provincial People’s Committee chairman Pham Anh Tuan affirmed that the province would offer favorable conditions for the investor to execute these projects on schedule.

He stressed that the projects must create a breakthrough capable of transforming Gia Lai into a world-class destination for ultra-affluent travelers.

European investment footprints emerging

According to provincial authorities, Palmer Johnson Inc., headquartered in Monaco, and Panasuisse International, based on the British Virgin Islands, are seeking to acquire a 75-percent stake in Arque Degi.

Palmer Johnson, founded over a century ago, is a legendary name in the global superyacht industry, catering to billionaires, political elites, European and Middle Eastern royalty, and top global celebrities.

The company is chaired and led by Guyanese billionaire Mohamed Timur Shahrukh Sheer.

Panasuisse International, under Finance Suisse AG, specializes in financial solutions, asset management, and corporate structuring.