China, Myanmar discuss establishment of border economic cooperation zone

The establishment of China-Myanmar border economic cooperation zone is being discussed between the two governments. The government of Yunnan Province has invested US$10 billion in Myanmar, while Myanmar entrepreneurs have also invested $100 million in the province, according to a press release. The press release came after a regular meeting between the Republic of the […]

Myanmar’s bargaining power rises along the Belt and Road

AS Hong Kong’s second Belt and Road Summit started today in the city The Myanmar Times asked two experts from The Economist Intelligence Unit and Lau China Institute at King’s College, London for their input regarding the dynamics of the Belt and Road Initiative (BRI) and China in relation to Myanmar and ASEAN. Much of […]

Land Prices in Kyaukphyu SEZ Shoot Up

Strong demand from local businesspeople has seen the prices of land plots in Kyaukphyu Special Economic Zone (SEZ) shot up, realtors from Rakhine state said. Average price of farming land per acre until November 2015 ranged from K2-5 million, but now it ranges from K4-8 million, with most of the buyers being local businesspeople. “The […]

Six-company foreign consortium wins bid for implementing Kyaukphyu SEZ in Myanmar

Subscribe to our tender alert mailing list Myanmar authorities announced Wednesday that a consortium of six foreign group companies, led by China’s CITIC, has won the bid for implementing two projects of the country’s newly planned special economic zone (SEZ) in Kyaukphyu, western Rakhine state. The transnational consortium involves five Chinese and one Thai firms. […]

China’s CITIC awarded tender for the Kyaukphyu SEZ

Subscribe to our tender alert mailing list CITIC Consortium I & II won the tenders for the development of the Kyaukphy Special Economic Zone according to the announcement of the Kyaukphyu SEZ Bid Evaluation and Awarding Committee yesterday. The statement of the committee said CITIC Consortium-I won the tender for the development of the deep-sea […]

Govt reserves land for Rakhine state SEZ

The government has set aside 1708 hectares (4289.32 acres) for the future Kyaukphyu Special Economic Zone in Rakhine State, parliament heard on December 3. Deputy rail minister U Myint Thein, the chair of the Kyaukphyu SEZ management committee, said the zone would comprise two deep-sea ports of 148 hectares and 95 hectares in extent respectively, […]

Lawmakers to Seek Answers on Stalled Kyaukphyu SEZ

RANGOON — Arakanese parliamentarians will propose that the regional legislature discuss the awarding of tenders for the Kyaukphyu special economic zone (SEZ), with an announcement of the winners expected six months ago but beset by delays. A spokesperson for the Kyaukphyu SEZ bid evaluation committee told The Irrawaddy in March that the project was still […]

China’s Myanmar Conundrum

Myanmar’s political transition has spawned debates and deliberations in policymaking circles and strategic communities across the world. The economic and strategic spinoff of the political changes has generated immense attention and interest. Not least in China. As recently as 2011, prior to its “opening up,” Myanmar was not only considered cut off from international engagement, […]

Highways to be upgraded for Rakhine SEZ

The No 2 Union Highway and Kyaukphyu-Magway route will be upgraded for the Kyaukphyu Special Economic Zone in Rakhine State, the Ministry of Construction said yesterday. The SEZ is expected to cost US$280 million to develop and the bidding for contracts is open to foreign investors. The two highways are priority connections to the SEZ. […]

Massive Rakhine SEZ to be built by three companies

Construction of the massive Kyaukphyu Special Economic Zone in Rakhine State will be divided into three parts, with separate companies selected for each one, a member of the bid evaluation and awarding committee said. Tenders for construction of the 404 hectare SEZ, located on an island in the Bay of Bengal off Rakhine State, will […]