The Myanmar Computer Professionals Association said it has earmarked land for the development of the Information and Communication Technology (ICT) city.
The over 300-acre land is located near Yangon East University in Thanlyin.
The tech park, to be developed by the Myanmar Computer Professionals Association, is aimed at creating job opportunities for local IT technicians.
“For the land of the city, business leaders from the association will cooperate to buy the land from Yangon City Development Committee. This place has a good potential, but we have not finalised a price,” said U Khun Oo, chairman of Myanmar Computer Professionals Association.
YCDC will invite tenders to develop the zone once it finishes preparing the land, he added.
At ICT city, local and foreign IT companies will be able to exchange technology, research, and make hardware and software and train computer professionals.
“To build the infrastructure, over 160 companies will cooperate. If we get more space, we will invite foreign companies to do business,” said U Aung Kyaw Moe, joint secretary of the association.
President U Thein Sein has personally supported the idea of developing the ICT city, and said the government will try to attract foreign investors to invest in the project.
Source: Myanmar Business Today