Jereh Group wins China-Myanmar gas storage contract

Jereh Group has been awarded an engineering, procurement and construction contract for a gas storage project in Guizhou province, China, it said September 21. The scope includes a natural gas liquefaction plant with the production capacity of 10.59mn ft³/d and a supporting storage tank of 5,000 m³. The project will back up supplies through the […]

Manufacturers migrating en masse to Myanmar

Myanmar has been attracting a great deal of attention these days from Korean manufacturers seeking to build plants abroad. The Southeast Asian nation, which was once isolated from the rest of the world under its decades-long military dictatorship, has recently opened its doors to the outside world. The country has an ample supply of cheap […]

Daewoo Amara Hotel – the biggest hotel project in Myanmar

The Daewoo Amara Hotel aims to be Myanmar’s largest hotel complex when it opens its doors in 2016, according to company officials. The projects spans two high-class hotels on Sin Phyu Shin Avenue near Inya lake in Kamaryut township at a cost of more than US$200 million – or about $300,000 for every one of […]

Leading S Korean steelmaker to invest in Myanmar construction industry

South Korean multinational steelmaker POSCO (formerly Pohang Iron and Steel Company) will invest in Myanmar’s construction industry, according to a company official. To carry out the construction projects, Myanmar POSCO E&C (Engineering & Construction) Co Ltd was formed and the Directorate of Investment and Company Administration allowed temporary registration to POSCO Company on Monday. POSCO […]