Foreign investors to be invited to develop ICT City in Yangon

The construction and management of ICT City in Yangon will be carried out by foreign investors, said Myanmar Computer Federation, pioneering the project for software development.

“We initially intended to carry out the IT park project but it was too big. So ICT City will be mainly for software development. We will invite foreign investors for project implementation. We want the project to become the outsourcing hub for the software industry and not just for renting office rooms,” said Zaw Min Oo from the federation.

Presently the federation is maintaining its office at Myanmar Information and Communication Technology Park, which serves small-sized software companies.

“We want to attract start-up software companies. There will be furnished office space of about 7,000 square feet. We will seek advice from those in the software industry. The rental would be about Ks 50,000 per room. We will provide table, chair, electricity and internet connectivity. We will hold further discussion on the design of office rooms and on whether to provide 24-hour service, said the federation’s Chaw Chaw Khin.

He said ICT City would offer meeting rooms complete with service staff. The charge for organising meeting has yet to be decided.


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