Myanmar ZoneThe Myanmar Zone
Myanmar Business Today Industrial Park
Thailand's largest developers of developed areas, Amata Corp Pcl, plans to grow into Myanmar by 2020 to benefit from the country's growing level of external investments. According to the Directorate of Investments and Business Administration (DICA), the construction of sites that comply with internationally accepted industry regulations is required by overseas companies. On 16 February, the Yangon Region authorities issued a call for tenders for the construction of a small industry zone on a 550 hectare site in Dagon Municipality (East) in the East District.
Kyaukphyu Special Economic Zone Holding Company and Rakhine Plc have reached an investment deal with the Rakhine State Administration to be invested in the Pone Nar Island Industrial Zone. Siimikhone Ayeyarwaddy Harbor, which is being built in Mandalay's Myothar Industrial City, is scheduled to go into operation in December. It will be built on 400 hectares of Myothar Industrial City property, covering an area of over 10,000 hectares.
Rakhine State Premier U Maung Maung Ohn said over 100,000 people will be working in the Pone Nar industry zone. Said the works for the site began last months after negotiations with the building companies. The Ponnarkyun Rakhine state' s Ponnarkyun Zone will be expanded as soon as possible now that the country' s power network can guarantee full power supplies.
Inexpensive and low emission plants will be a top of the list when licensing operation in new areas of industry to be built in Myanmar in the DC. According to realtors, China's businesses want to make strong investments in properties in the Yangon region's industry areas.
The Ministry of Electricity and Industry said that a blueprint for an economy zone in Myanmar's southeastern Tanintharyi area has been presented to the local authority. It is anticipated that plans to develop industry parks in the Chinese state of Hakha and Tedim will be complete by the end of the ongoing financial year, which began in April, a secretary said.