Representatives of the Lao Ministry of Public Security and the Oriental Pearl Company Limited, a private company from the Republic of Korea, exchange the signed agreements. (Photo: Vientiane Times) An area of 1,200 hectares under the management of the Ministry of Public Security will be used by Oriental Pearl Company Limited, a private company from the Republic of Korea (RoK), to build the complex, according to Vientiane Times.
The development will initially involve the construction of a new town, a tourist site and service complex centre, and will aim to boost economic growth and generate job opportunities for local people.
It is also envisaged that the project will be a boost to local investment projects by small and medium-sized enterprises (SMEs), especially for vendors in Phonhong district, Vientiane province.
Once successful, this will be the biggest project between the RoK in Laos./.
The development will initially involve the construction of a new town, a tourist site and service complex centre, and will aim to boost economic growth and generate job opportunities for local people.
It is also envisaged that the project will be a boost to local investment projects by small and medium-sized enterprises (SMEs), especially for vendors in Phonhong district, Vientiane province.
Once successful, this will be the biggest project between the RoK in Laos./.
VNA
