Luang Namtha SEZ eyeing more investors

LAO PDR (Vientiane Times) - The Boten Special Economic Zone (SEZ) in Luang Namtha province hopes to attract more investors, especially in the fields of education and medicine. The education and medical industry zone opening ceremony was held on Friday. It was attended by representatives of the government, foreign investors and other guests.

Guests at the ground-breaking ceremony of the education and medical industry zone.

“The zone is divided into four development sites - commerce, banking and financial, logistics, education and health, and tourism. When complete, it is anticipated that around 300,000 people will live here. Therefore, the education and health sectors are important,” said the president of the Yunnan Hai Cheng Industrial Group Stock, Mr Zhou Kun.

“Meanwhile, this project will take a few years to complete. Around US$500-600 million will be invested in the development of the site," he added. The zone will have international schools and hospitals, which will be equipped to deal with the state-of-the-art treatment of cancer. There will be a stem cell collection center and other modern facilities.

The zone will benefit people in the northern provinces of Laos and nearby areas. “Up to now more than 20 foreign companies, mostly from China, have shown interest in investing in the education and health fields. Some other companies are involved in discussions,” Zhou Kun noted.

Education and medical sectors help support sustainable development and are an important part of SEZ expansion. The education sector will involve not just a school, but also a college and university, which will become an educational exchange center for Laos and China.