The planned Kyisu Industrial Zone will be built to international standards on a 125-acre zone on the eastern outskirts of Yangon for both local and foreign businesses, the vice president of the Yangon regional government said.
A proposal for the project was presented to Vice-president Nyan Htun at the forum on industrial zones held earlier this week.
The zone, which will be located in eastern Dagon Myothit Township, is one of several in the pipeline that aim to encourage domestic and foreign investors to set up factories in the region.
Industrial zones face several challenges in terms of infrastructure and management, the forum was told. These include waste disposal, sewage systems, and lack of electricity. Officials told the forum that the main purpose of the zones was to create employment.
“The major investor for the Kyisu project will be selected soon as the zone is earmarked to be built this fiscal year,” an official said on condition of anonymity. “We’ll do our best to provide a decent sewage system and waste management,” the official added.
There are about 4,000 factories at 29 industrial zones in the region. The industrial sector generated an estimated 36 per cent of the region’s gross domestic product.
Source: ELEVEN MYANMAR