A seven-star hotel, expected to be one of the world’s biggest hotels, will be built in Hanoi by Israel’s El-Ad Group.

The project includes a luxury hotel, an area for conferences, apartments, and an office building equipped modern facilities. The project is being planned in Singapore.

Viet Nam offers advantages to Israeli investors who wish to implement large-scale projects in the country, said Minister of Construction Nguyen Hong Quan at the meeting with Israel’s ambassador to Viet Nam, Effie Ben-Matityau, and representatives of El-Ad and Delek, Israel’s leading construction groups

Isaac Tshuva, Israeli billionaire, founder and chairman of the El-Ad Group, who was listed as No. 214 on the Forbes list of the world’s billionaires last year, is one of the Israel’s top businessmen. His son, Elad Tshuva, is deputy chairman of the Delek.