The US-based Rocky Lai & Associates Inc. will build an information technology (IT) zone in the central city of Da Nang.

An agreement to this effect was signed between representatives of the Da Nang People’s Committee and the US group in the city on October 24.

The signing ceremony. Photo: cand

This is the largest investment project in the IT sector of Da Nang city in particular and the central and Central Highlands region in general.

Under the agreement, Da Nang will zone off an area of over 131 hectares in Hoa Lien commune, Hoa Vang district for the Rocky Lai & Associates Inc. to build the IT park.

The city will also give investment incentives to the investor, including preferential land rent and support in technical infrastructure such as electricity, water and communications.

The US group said the facility will be into an international-standard hi-tech zone and a destination for investors from the US, Europe and other countries.

The first phase of the project is expected to be completed in 2013 and the second phase in 2015.

Source: VNA