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US$1 billion smart city project kicks off with agreement

The government through the Ministry of Construction and Bangkok-based Amata Corp pcl signed a framework agreement on August 22 to jointly develop the Smart and Eco City located in East Dagon township, northeast of downtown Yangon. Although termed an industrial zone project, the US$1 billion Smart and Eco City’s first phase of 2,000 acres comprises […]

Chinese firm in talks to develop industrial zone

A Chinese firm is the latest foreign investor to express an interest to develop an industrial zone in Hlaing Thayar township in the commercial capital of Yangon, where land nearer to downtown townships have become scarcer in recent years. Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) chair U Zaw Min Win […]

China proposes exclusive industrial zone with Myanmar: UMFCCI

CHINESE businessmen have proposed setting up a Myanmar-China exclusive industrial zone in Myanmar, according to U Zaw Min Win, the President of The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry. “Chinese businessmen are running factories in Hlinethaya Township. They came to us to discuss establishing a Myanmar-China exclusive industrial […]

Japanese firm to help build industrial zone for agricultural goods in yangon

YANGON—A Japanese company will develop an industrial zone in Yangon focusing on the production of value-added agricultural goods. Japan’s JFE Engineering Corporation and Myanmar’s Dagon International Co. signed a memorandum of understanding on development of the industrial zone on Tuesday. The US$150-million (227.55 billion-kyat) industrial zone will be established on 500 acres of land owned […]

Singapore company’s advanced cut-bend-fabricate facility for steel rebar in Myanmar now fully operational

Singapore-listed HG Metal Manufacturing Ltd. (HG Metal) is expanding its steel business into Myanmar. The company is a premier steel stockist and manufacturer in Southeast Asia with close to 800,000 sq ft of warehousing and processing facilities in Singapore. It carries more than 3,000 types of steel products, of various dimensions and for a wide […]

Workers demonstrate in Mandalay

Workers in Mandalay Region held a protest to demand the appointment of a new regional labour minister and urged officials to pay attention to labour affairs. Led by Myanmar Industries, Crafts and Services (MICS) Trade Union Federation, about 300 workers from 20 factories in the industrial zone staged a protest march last Saturday. “Under the […]

Kyaukphyu port: What happens next?

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]

Local businesses propose to establish industrial zone in central Myanmar

YANGON, Sept. 2 (Xinhua) — Local businesses will submit a proposal to the regional government in Myanmar’s central Magway to establish an industrial zone there, the official Global New Light of Myanmar reported Sunday. The industrial zone was proposed to be located far from the residential area as the noise, odor and air pollution from […]

Korean investments could kick start long-delayed construction of Dala Bridge

An industrial zone to be developed by the Yangon regional government and Myanmar Wooree Co, a South Korean firm, at the west bank of the Yangon River could be the impetus needed for construction of the much-touted Dala Bridge to commence. Once the bridge, which will connect downtown Yangon to the western side of town, […]

Yangon, Amata Corp discuss details of industrial zone project

On August 7, U Phyo Min Thein, chief minister of Yangon Region Government met with executives of Thai industrial estate developer Amata Corporation PCL at the Yangon Region Office to discuss the Yangon Amata Smart and Eco City Project. Talks revolved around nailing down the construction plan and building a 150 megawatt power plant for […]