Thaigroup wants to build $1.3-bln space tourism center in Phu Quoc
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Private conglomerate Thaigroup plans to build a rocket launch site for space tourism on Phu Quoc Island at a cost of VND30 trillion (US$1.3 billion).
The Thai company’s property development arm Thaiholdings has finalized plans for construction in 2022-26 to help turn Phu Quoc into an international tourism hub.
The launchpad will be the country’s first.
Thaigroup has sought provincial authorities’ permission to survey locations for it.
There is demand for space tourism in Southeast Asia, but the region has no rocket launch facilities, the company said.
In Phu Quoc, Thaigroup is building a resort complex at a cost of over VND9.8 trillion.
Formerly known as Xuan Thanh Group, it operates three cement plants and several hydroelectric plants.
In 2019, Phu Quoc, Vietnam’s largest island, received over five million visitors, including 541,600 foreigners.
Questions & Answers
Q.Which company is responsible for planning this space tourism project?
Which company is responsible for planning this space tourism project?
Thaigroup, a private conglomerate, is planning to build the rocket launch site. Its property development arm, Thaiholdings, has finalised the construction plans for the facility.
Q.What is the timeline for the construction of the space tourism centre?
What is the timeline for the construction of the space tourism centre?
Construction of the space tourism centre is planned to take place between 2022 and 2026. This timeframe aims to help transform Phu Quoc into a major international tourism hub.
Q.What other significant projects is Thaigroup involved with in Phu Quoc?
What other significant projects is Thaigroup involved with in Phu Quoc?
Besides the space tourism centre, Thaigroup is also constructing a resort complex on Phu Quoc Island. This resort complex represents an investment exceeding VND9.8 trillion.
Q.What demand does Thaigroup see for this type of facility?
What demand does Thaigroup see for this type of facility?
Thaigroup identifies demand for space tourism within the Southeast Asian region. The company noted that there are currently no rocket launch facilities available in this area.
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