Under the deal signed Tuesday, Gamuda Land plans to pump $711 million of the sum into developing a 327ha-complex in Hoang Mai and Thanh Tri districts.
The urban complex would be home to high-end hotels, a convention hall, office towers, shopping malls, car parks, villas and apartments for both sale and rent.
Gamuda would also build Yen So Park, which would include an educational-cultural center, a plaza and other international-standard recreation facilities.