Lao Government approves new SEZ in Luang Prabang
The Lao government has given the green light for a Lao company to set up a special economic zone (SEZ) in Luang Prabang province, bringing the total number of SEZs nationwide to 13.
The development is part of plans to create a new town in the suburbs of the provincial capital, while ensuring the town’s cultural integrity is preserved.
The Phousy Group expects to spend US$1.2 billion to develop the zone on an area of 4,850 hectares with a concession period of 99 years. The zone will be located about 10km outside Luang Prabang town centre with another site in Chomphet district on the other side of the Mekong River.
