The General Logistics Department of the Lao Ministry of Public Security recently signed documents to grant the right for the use of state land 62km from Vientiane capital for the construction of a 2.9-billion USD resort complex.
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)
Vientiane (VNA) - The General LogisticsDepartment of the Lao Ministry of Public Security recently signed documents togrant the right for the use of state land 62km from Vientiane capital for the construction of a 2.9-billion USD resort complex.
An area of 1,200 hectares under the management ofthe Ministry of Public Security will be used by Oriental Pearl CompanyLimited, a private company from the Republic of Korea (RoK), to build thecomplex, according to Vientiane Times.
The development will initially involve theconstruction of a new town, a tourist site and service complex centre, andwill aim to boost economic growth and generate job opportunities for localpeople.
It is also envisaged that the project will be aboost to local investment projects by small andmedium-sized enterprises (SMEs), especially for vendors in Phonhong district,Vientiane province.
Once successful, this will be the biggest projectbetween the RoK in Laos./.
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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) 
