VND282,000 billion invested in Kon Tum Economic Zone

The Bo Y International Border Gate Economic Zone (EZ) in the Central Highland province of Kon Tum has attracted 24 domestic and foreign projects with a total investment capital of nearly VND282,000 billion, according to its Management Board.

There are a number of big projects, such as the Bo Y EZ Commercial Centre capitalised at VND296 billion, a cassava starch production plant with an investment capital of VND80 billion and a five-star hotel with an initial capital of US$800 million. A project to build an airport at a cost of US$6 billion by the Global Investment Enterprise Corporation (GIEC), SEM Tech from Malaysia and PMC Group from Singapore has completed all the necessary procedures to carry out the first phase by 2011.

Currently, the organising board is creating the right conditions for both domestic and foreign business to invest in big projects such as building warehouses, an eco-tourism resort, entertainment area and infrastructure for industrial zone No1 and urban areas in the western of Bo Y.

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