Construction work on railway line in Myanmar. Nyan Zay Htet/The Myanmar Times Investor interest in building a railway project linking Mandalay to Muse, the largest trading post between Myanmar and China, is expected to wane due to security challenges along the border, analysts and observers said. The risks of disruption may deter most..
An invitation to tender for the project to build the two-lane Dawei-Kanchanaburi road will be issued soon, says an official for the Dawei Special Economic Zone Management Committee. “As the road project is a major component of the special economic zone (SEZ), we hope to start work on its construction as soon as possible,”..
Malaysian property developer Berjaya Land will start building smart, affordable homes in Yangon in January next year, according to chief executive Datuk Pee Kang Seng. Valued at US$624 million, the project will be developed across 74 hectares of land in Yangon and take place in three phases over six years, Mr Pee was quoted..
Investors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis. “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest in agriculture-based businesses,” said Gilbert Lee, president of..
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..
Kawthoung. Photo - Ministry of Information An Italian company has been granted permission to develop a hotel project worth US$3.2million in Tanintharyi Region’s Kawthoung district, according to the Directorate of Investment and Company Administration (DICA). The move will be carried out under a joint venture – Myanmar Green Century – with a local company,..
Yangon Region Chief Minister U Phyo Min Thein greets dignitaries at signing ceremony of Yangon Amata smart and Eco City. Aung Htay Hlaing/The Myanmar Times 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..
U Thaung Tun, Minister of Investment and Foreign Economic Relations. Photo - Supplied Myanmar is participating in regional connectivity initiatives in efforts to improve bilateral ties with its neighbours and promote investment and trade. Myanmar has implemented a number of significant reforms in the economic, political and social spheres aimed at creating new..
Photo - EPA The route has been finalised for the Muse-Mandalay high-speed railway line to be built by Myanmar and China, according to Myanma Railways. The project is part of Myanmar’s cooperation in the China-Myanmar Economic Corridor (CMEC). The railway will begin near Myitnge in Amarapura township in Mandalay, and will pass through 11..
The Yangon International Airport. The Myanmar Times The Department of Civil Aviation (DCA) last week started a tender process for the upgrading of Kawthoung airport in Tanintharyi Region and is now calling for requests for proposals. Interested parties have until November to submit the relevant documents. The entity undertaking the upgrade must be..
