On March 3, Gia Lai Provincial People's Committee said it had approved the investment policy, and at the same time approved the investor to implement the project of Investment in construction and business of Cat Trinh Industrial Park infrastructure.
The approved investor is Saigon - Nhon Hoi Industrial Park Joint Stock Company, headquartered in Quy Nhon Dong ward, Gia Lai province.
The project aims to invest in the construction and business of industrial park technical infrastructure according to a multi-sectoral model, in accordance with the approved plan and current legal regulations.
The project will invest in synchronous infrastructure systems on the entire planned area, including: ground leveling, internal traffic, electricity - water system, rainwater drainage, wastewater collection and treatment, telecommunications, lighting, green trees and fire prevention and fighting.
After completing the infrastructure, the investor will sublease the completed industrial land and provide auxiliary services to serve production and business activities in the industrial park.
Cat Trinh Industrial Park has a scale of more than 368ha, deployed in Phu Cat commune (Gia Lai province), with a total investment of 2,554 billion VND. The project's operating term is 70 years from the date the competent authority decides to lease land.
The project is implemented for a period of no more than 48 months. It is expected that from the third quarter of 2027, secondary investors will be attracted when they meet the conditions according to regulations; by the first quarter of 2030, relevant procedures will be completed and the entire project will be put into operation.
The investor is responsible for allocating 20ha, equivalent to 5% of the industrial park land area, to lease to high-tech enterprises in the private economic sector, small and medium-sized enterprises, and innovative startups according to the National Assembly's regulations on special mechanisms and policies for private economic development.
Cat Trinh Industrial Park is expected to contribute to completing the province's industrial infrastructure, attracting secondary investment capital, creating jobs and promoting local socio-economic development in the coming time.
