Laos expects Saysettha Development Zone to become industrial zone model

The Saysettha Development Zone (SDZ) is expected to become a model of industrial zone in Laos, contributing to the country's socio-economic development, Lao Prime Minister Thongloun Sisoulith said Saturday.

While inspecting the zone in Laos' capital Vientiane, the prime minister said the zone, covering an area of 1,149 hectares and located in Saysettha and Saitany districts, will focus on sustainable development.

Thongloun said the zone will not only benefit local residents and promote socio-economic development of Vientiane, it will also help facilitate the realization of Laos' target to graduate from Least Developed Country status by 2020.

The Vientiane SDZ is developed by Yunnan Construction Engineering Group Co., Ltd. and the Municipal Government of Vientiane in a state-level cooperative project jointly established under the auspices of the governments of Laos and China.

So far, over 200 million U.S. dollars of investments have been poured into the zone and infrastructure construction in 400 hectares of land have entered final stage.

A total of 30 enterprises have signed contracts, with investments totaling 350 million U.S. dollars.

Industries in the zone include energy and chemical, agricultural products processing, machinery manufacturing, feed processing, tobacco processing, building materials and engineering, warehouse and logistics.

There are now eight enterprises in operation, 13 under construction and nine being prepared for construction in the zone. Endit