Land prices in Kyaukphyu SEZ jump 50 per cent amid competitive buying

LAND within the demarcated area of the yet-to-be-built Kyaukphyu Special Economic Zone (SEZ), located in Myanmar’s western Rakhine State, went on sale in January of this year to competitive purchasing, which has brought the value of land up by nearly 50 per cent in the last four months, according to real estate agents. “News spread […]

VPower signs two power agreements with MOEP

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. THE VPower Group signed two power agreements with the state-owned Myanma Electric Power Enterprise on 11 March in Nay Pyi Taw. The company won the two power generation projects in October 2015. One is the extension of a […]

Surbana Jurong goes underground to expand Myanmar business

Surbana Jurong has added Yangon’s first underground pedestrian walkway, an airport and a special economic zone to its list of Myanmar projects, the Singaporean infrastructure consultancy announced this week. Shwe Taung Development awarded Surbana Jurong the contract for the 30-metre underpass last week. The country’s first underground walkway will be located on Pyay Road and […]

Risks loom for Myanmar’s Kyaukphyu Economic Zone

The end of 2015 saw a series of major announcements and decisions regarding Myanmar’s latest special economic zone (SEZ) in Kyaukphyu township of Rakhine State. In late December, Myanmar’s government approved the demarcation of land for the SEZ and awarded tenders to develop the SEZ to a CITIC Group-led consortium. Untitled The Kyaukphyu SEZ is […]

Chinese giant works to win the people

Though the Kyaukphyu area is set for large-scale investments, it is in Rakhine State, which is also home to some of the country’s poorest communities. Kyaukphyu hopes to become a hub for the oil and gas industry and is to be home to one of Myanmar’s three Special Economic Zones – yet local residents risk […]

Kyaukphyu SEZ: Economic Reality or Pipedream?

The development of a special economic zone (SEZ) around Kyaukphyu in Myanmar’s Rakhine State could move closer to reality before the end of the year with the naming of tender winners for the development of factories, new housing and infrastructure. Twelve foreign and domestic firms have been shortlisted by the SEZ development committee, which failed […]

12 Companies Bid to Develop Infrastructure in Kyaukphyu SEZ

YANGOON — Eleven foreign companies and one local company have expressed interest in developing infrastructure for the Kyaukphyu Special Economic Zone (SEZ) in Arakan State. Three of the companies will be awarded tenders, according to the tender selection board. “Currently, 12 companies have expressed interest. Some companies have merged with four or five other companies […]

Kyaukphyu SEZ ‘Key’ to China Business Corridor, But Doubts Remain

Kyaukphyu port on Myanmar’s western coast could play a key role in a Beijing-led economic corridor plan linking neighbors India, Bangladesh and China. But economists and foreign policy analysts are divided over whether the Naypyidaw government’s ambitions for a special economic zone (SEZ) around Kyaukphyu in Rakhine State are viable. The so-called BCIM Corridor, for […]

Tenders for Kyaukphyu SEZ to open on September 15

Twelve companies will be invited submit tenders to develop Kyaukphyu Special Economic Zone in Rakhine State, according to the Kyaukphyu SEZ tenders invitation and selection committee. All 12 had previously submitted expressions of interest and they will be invited to submit tenders on September 15,” said committee member Ba Shwe. Kyaukphyu SEZ consists of three […]

Myanmar seeks SEZ investors

YANGON: Local and foreign companies are being sought to bid for construction projects in a special economic zone (SEZ) in Myanmar’s western state of Rakhine, officials said on Saturday. The Kyaukphyu SEZ will include a 16-metre deep port with a container-handling capacity of 8,000 20-foot equivalent units. “Tenders will be opened on Sept 15 and […]