New industrial zone proposed northwest of Yangon
Golden Myanmar Investment Consortium, which was formed by investors from China, Hong Kong and Myanmar to develop industrial zones, is planning to set up a new zone in Htantabin township, Yangon, the Yangon Region government and Yangon Region Investment Committee have announced.
The creation of the industrial zone is expected to require investments totaling US$500 million and is projected to create 100,000 jobs. The industrial zone is expected to cover 404 hectares located about an hour and a half by car to the northwest of Yangon.
The development comes after Yangon Region invited investors to implement11 international-standard industrial zones in 11 townships during the Yangon Investment Forum 2018.
Thiha Ko Ko
