(KPL) The Thakhek Dream World City in the Special Economic Zone in Thakhek district, Khammouane Province is scheduled to begin construction soon following a recent memorandum of understanding (MoU).
The signing ceremony of the MoU for the construction of Thakhek Dream World City was held last week among investors including the Akanae Phatthana Lao Company, Dau Tu Xay Dung Cong Nghe Modunlar Block Container, ABT Survey-Design, the Construction and Promotion Agriculture Company and Phu Hung Tin Company.
The Thakhek Dream World City Project, which will consist of two zones, will be built on the Lao side of the Lao-Thai Friendship Bridge between Laos’s Khammouane Province and Thailand's Nakhon Phanom Province.
Signatory companies will focus on the development of zone B which is designed to build a five-star hotel with 40 floors, a 65-floor-building for rent and its infrastructure with a total investment of US$250 million.
The investors will develop zone C by building a 4-star hotel with 35 floors, a department store and its infrastructure with a total investment of US$120 million. Construction is expected to be complete in four years.
The Specific Economic Zone in Thakhek district is a priority of the Khammouane province, which focuses on turning 1,035 ha of land in the region of the 3rd Lao-Thai Friendship Bridge into a special economic zone and develop Thakhek district as a modern city to attract both domestic and foreign tourists.