JP Investment to build offices, factories in Savannakhet
JP Investment Company Limited is constructing a new complex made up of factories, warehouses and offices for lease in Savannakhet province.
A groundbreaking ceremony for the construction work on the project, which will cover an area of 1.2 square kilometers, was held on Wednesday.
The office spaces for lease will be located near the entrance to Savan Park and will make up 2,800 square metres of the site.
There will also be a self-contained warehouse or factory and full office and logistics support on the site.
Construction is slated to run until September.
The ceremony was attended by Deputy Prime Minister Somsavat Lengsavad, Savannakhet Provincial Governor Dr Souphanh Keomisay, French Ambassador to Laos Mr Yves Carmora, the Head of Savan SENO Special Economic Zone Authority (SEZA), ministers, deputy ministers and representatives from the Thai Consulate.
“Today is a special day for our investment in the special zone at Savan Park, Savannakhet province,” Managing Director of JP Investments Mr Jean Pierre Grzelczyk said.
Market Demand Investment Migration plans to offer facilities such as offices for rent, factories ready for rent, logistics services and freight forwarding that will create more job opportunities. Savan Logistics will also be investing in the project.
The initiatives in Savannakhet province contribute to the national plan of changing Laos from a land-locked country to a ‘land-linked' country.
The new project is in line with the government policy to encourage foreign direct investment in Laos.
“We believe the investors will choose Lao PDR for business expansion. Companies like Toyota, Essilor, Nikkon, Urai Thai, KP Beau and others,” Mr Jean said.
Chief Executive of SEZA Mr Bouakham Sisoulath made a speech at the ceremony complementing the efforts of JP Investment Company Limited and Savan Logistics Company Limited.
“This ceremony is very important as it is the starting point of two businesses that are operating in SEZA officially,” he said.
“The investment of these two companies shows a commitment towards building very good cooperation and a desire to contribute to the future development of Savan-Seno Special Economic Zone.”
Both companies see the site as an opportunity to provide jobs, experience and knowledge to the people of Laos, especially those in Savannakhet province.
“In the me antime, we are improving the investment service system to make it more attractive. Moreover, we will further develop the knowledge and ability of all Lao workers to ensure that we will have adequate and suitable employees required by the invest ors in Savan-Seno Special Economic Zone,” Mr Bouakham said.
“On behalf of the management of Savan-Seno Special Economic Zone, we promise we will provide all necessary support to make sure that JP Investments Company Limited and Savan Logistics Company Limited and all investors that are running businesses in SEZA have access to an honest and swift management team that will strictly follow all the rules and regulations, and that their business operations can be conducted in a comfortable and reliable environment.”