Trade centre to be rebuilt after bombing

The Yangon Trade Centre rocked by a 2005 bombing will be re-opened, as the Ministry of Commerce has announced a tender for local investors to re-build the project.

The building in Mingalar Taung Nyut township has sat unused after closing following the 7 May 2005 attack during a scheduled Thai commodity trade fair.

Some 11 people died and 163 were injured in the day’s three attacks, which included the trade centre bombing as well as two supermarkets, according to state media, the BBC reported in 2005.

Ministry of Commerce officials told The Myanmar Times that increased interest in Myanmar business and rising numbers of business delegations led to the decision to re-open the building.

“The tender is open to all local businesspeople, but [is best] for companies who prioritise trading as the theme is to encourage trade relations,” said U Maung Maung, economist and consultant at the ministry.

The tender winner will be responsible for all renovations of the facility, which has been idle for many years, he added.

The tender will last until July 2 through the Nay Pyi Taw office. Applicants must deposit K100 million at Myanma Economic Bank, while rebuilding the facility for trade fairs and office space focused on trade, the ministry said in a statement.


NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here