The design for smart city project in Hanoi (Photo: nikkei.com) |
Sumitomo is partnering with local developer BRG Group to develop about 270 hectares in Dong Anh district, about 20 minutes from the centre of Hanoi by car.
The roughly 450 billion JPY (4.29 billion USD) undertaking will be the largest smart-city project led by a Japanese company in Southeast Asia.
Sumitomo and BRG, which have the rights to operate the city for 50 years, will also look for partners and investors to help with operations.