Vientiane, Laos, 1 September 2017
Infrastructure consulting firm Surbana Jurong has signed a memorandum of understanding (MOU) with Singapore-based Mekong Group and Laos’ Phongsavanh Group to develop infrastructure projects in Laos.
Under this MOU, the partners aim to support the government’s plan to transform land-locked Laos to a land-linked one through infrastructure projects and to attract investments through strategically planned townships and industrial growth clusters.
Phongsavanh Group is the master developer for an industrial zone development project that covers 1,300 ha in Laos’ capital Vientiane. Based in Laos, the Group is well-established with over 30 years of experience in various businesses including banking, insurance, airlines and logistics. It is appointed and authorised by the government to drive the development of this industrial zone.
Surbana Jurong will develop concept masterplans for Phongsavanh Group’s Vientiane project which it aims to complete by the end of the year. Mekong Group will provide expertise in sourcing international talent and firms to support the project. It is advising Phongsavanh Group on starting new businesses and improving processes.
The MOU signing ceremony was attended by Singapore’s Ambassador to Laos, Mr Dominic Goh, as well as senior government representatives from Laos.
Mr Michael Aw, group chief executive of Mekong Group, said: “Laos has remodelled itself into a safe, stable and peaceful nation with big ambitions. Lao PDR (People’s Democratic Republic) today is counted among the world’s fastest-growing economies and is set on a course of full regional and international integration. We are excited to start this journey together with Surbana Jurong and Phongsavanh Group, to be the advisor for this project with Phongsavanh Group as the master developer and Surbana Jurong as the master planner.”
Mr Aw added that Mekong Group’s focus in Laos is on tapping Belt and Road-related opportunities. “We will act fast to secure our first-mover advantage in Laos,” he said.