Singaporean firm seeks to invest in Hanoi

Makara Capital, with its extensive experience in infrastructure, innovation, and energy projects worldwide, is looking for potential investment opportunities in Hanoi, said Ali Ijaz Ahmad of the Singapore-based capital firm during a meeting with Chairman of Hanoi People's Committee Tran Sy Thanh today (October 24).

Chairman of Hanoi People's Committee Tran Sy Thanh meets with Ali Ijaz Ahmad - Founder, the CEO of Makara Capital. Photo: The Hanoi Times

At the meeting, the CEO praised Vietnam's investment environment due to its growing market size and attractive policies, which draws the company's intention to opportunities in Hanoi - the capital city of Vietnam.

With a strong focus on infrastructure, Makara Capital has implemented projects with a total investment of up to US$23 billion in airport and seaport construction worldwide, Ali added. He also briefed on several large-scale projects in Indonesia, the US, and other countries as vivid examples of the company's footsteps in the globally trending sector of green and clean energy.

The fund has been exploring opportunities in public-private partnership (PPP) schemes focused on research and development and new technology, according to CEO Ali.

Ali Ijaz Ahmad cited supply chain prospects and the ability to optimize production costs as his priorities in deciding whether or not to invest in a country.

Therefore, the head of the Singapore-based fund wanted to learn about Hanoi's vision and development goals for the near future to find suitable opportunities for its investment flow.

Thanh affirmed that innovative start-ups, green industries, and new technologies are among Hanoi's top development priorities. The city has submitted two development plans to the Prime Minister with visions up to 2045 and 2065, offering many initiatives to restructure development models towards sustainability and intelligence. Hanoi is also well-positioned, with numerous universities, academic research centers, and a young, educated workforce.

"The Hoa Lac High-Tech Park continues to call for the participation of high-tech enterprises, including major global partners and corporations," Thanh stressed.

Located in the Red River Delta, Hanoi is striving to strengthen its role as the center and driving force for growth and development in the key northern economic region through active connectivity activities.