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Hong Kong Amata Company invests over $270 mln in smart and eco city business

HONG KONG listed Amata Company brings in over US$270 million in the development and operation of Smart and Eco City and related business, said U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration. Yangon Amata Smart and Eco City Ltd will develop and operate smart and eco city business-eson 2,000 acres […]

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 […]