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Laos: SEZ to Attract US$460 Million More of Investment
Source: kplnet.net
Source Date: Tuesday, July 06, 2010
Country: Lao People's Democratic Republic
Created: Jul 12, 2010

The Savanh-Seno special economic zone is ambitious to attract more domestic and overseas investment worth more than US$ 465 million till 2013.

The plan is focusing on creating a favourable condition in investment for more than 50 companies, which are expected to create more than 6,000 jobs for local people.

This ambitious plan was disclosed by Mr Bouakham Sisoulath, Party Secretary of the Savanh-Seno special economic zone at the second Party meeting of the entity late last month.

More 25 companies with a registered investment of US$36 million have investing in the Savanh-Seno special economic zone. If compared to 2005’s, the figure shows a rise, mainly by 23 companies.

This was thanks to the close attention of the Party Unit of the Savanh-Seno special economic zone.

The infrastructure development of the Savanh-Seno special economic zone on 234 ha has largely been completed.

Most emerging companies invested in this zone are the Lao Tin Smelting Co. Ltd from Japan, which is the largest factory in the Savan Park followed by logistics service.
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