Da Nang licenses two major projects worth US$62.2 million

VOV.VN - The Da Nang municipal People’s Committee has granted licences to the East Sea Technology Engineering Electrical Automation Company (ESTEC) to invest in two US$62.2 million projects at Da Nang Hi-Tech Park.

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Accordingly, the first project will be a logistics trade and service centre, comprising offices for rent, a logistics depot, a container storage yard, shopping mall, multifunctional sports complex, and a convention hall and hotel complex. The construction process will be divided into three phases and built on an area of more than 9ha at a total cost of VND1,230 billion. The company will begin break ground for the initial phase in the first quarter of this year, which is expected to enter operation in early 2021.

The second project is an ESTEC digital plant spanning an area of nearly 1ha and drawing a total investment capital of VND182 billion. It includes a research and development centre for automation technologies, digital data management, and cloud computing, which are scheduled to come into operation in January 2020.

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The Da Nang Hi-Tech Park has so far lured 10 projects to choose the prime location as a home, with a total investment of more than US$249 million, including three wholly foreign invested projects.

According to Deputy Head of Da Nang Hi-Tech Park Management Board Doan Ngoc Hung Anh, Prime Minister Nguyen Xuan Phuc has signed a decision on incentives for the Park, boding well for its operations this year.

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