On September 10, 2019, the General Contractor – Coteccons held the groundbreaking ceremony for Akari City township (Binh Tan District) which is co-developed by Nam Long and the two Japanese partners Hankyu Hanshin and Nishi Nippon Railroad.
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The delegates at the groundbreaking ceremony of Akari City.
Connected directly to Vo Van Kiet Boulevard – the backbone road connecting the east and west of Ho Chi Minh City, the Akari City township has a size of 8.5 hectares, a total investment of nearly VND 8,000 billion and a strategic position for living and commercial. This is the fifth project launched under the partnership of Nam Long and the two Japanese investors which have more than 100 years of experience in real estate development. Akari City will provide approximately 5,000 Flora affordable condominium. The township is designed based on the concept of “the city of light” with a variety of facilities for commercials and services responding to the needs for living, eating, entertainment and education of the residents and the neighborhood.
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Mr. Steven Che Chee Kwang – CEO of Nam Long made a speech at the ceremony.
Mr. Nguyen Ba Duong – Chairman of Coteccons made a speech at the ceremony.
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Phase 1 of the project consists of 6 blocks built on the 2,8-hectare area, including 1 basement, 21 floors with nearly 1,800 apartments. Coteccons will be the General Contractor of Design & Build, designing and constructing the structure, completing and installing MEP for the project. As a leading enterprise in Vietnam’s construction industry, Coteccons has extensive experience in developing large and high-class projects. Speaking at the ceremony, Chairman of Coteccons, Nguyen Ba Duong, said that as a D&B General Contractor, Coteccons committed to ensuring the absolute safety during the construction process and working closely with related parties to deliver the project on time and at its best quality.
Akari City overall landscape
At the event, Mr. Steven Chu Chee Kwang – CEO of Nam Long Group also said: “Coteccons’s presence in the project development alongside with Hankyu Hanshin, Nishi Nippon Railroad and Nam Long has a special meaning and marks a new milestone in the development of the Akari City. Coteccons is one of the icon of Vietnam’s construction industry with many impressive projects and professional management which will bring peace of mind about the progress, aesthetics and quality of Akari City project. At the same time, Akari City is also a good start for the long-term strategic partnership between Nam Long and Coteccons in the future, not only in construction but also in the investment of major projects and many other perspectives. We have had good initial agreements for several future projects and look forward to working together to create new added values for housing projects in Vietnam.”
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