Thai firm to build $1-billion smart city at the outskirts of Yangon

Thai Firm To Build Smart City At The Outskirts Of Yangon

Myanmar’s commercial hub of Yangon will be expanded by a newly constructed smart city in a northeastern district with the help of a Thai industrial estate developer.

The government of Myanmar, through the ministry of construction, and Bangkok-based Amata Corp signed an agreement on August 22 to jointly develop a smart city in East Dagon township, northeast of downtown Yangon.

The $1 billion project’s first phase of 2,000 acres comprises residential, office and industrial properties. The developer is Yangon Amata Smart and Eco City (YASEC), a joint venture between Amata, which holds 80 per cent, and Myanmar’s department of urban and housing development, which holds the remainder.

YASEC managing director Yasuo Tsutsui said the project’s first phase will be completed over five years.

“The project will create 30,000 jobs and bring in more local and foreign investors, which means more income for the government,” he said, adding that this would be the first industrial zone to be jointly developed by Myanmar and Thailand.

Amata will also develop transportation, logistics and other services related to the city project over the long-term, while YASEC will ensure the project’s sustainability through incorporating green principles and proper urban planning.

Tsutsui further said that the project would reduce regional poverty and promote capacity building for people in Myanmar. He said the green and smart technology concept would be adopted in project management.

“It will be the first sustainable eco city in the country,” Tsutsui said.

Share your vote!


Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Myanmar’s commercial hub of Yangon will be expanded by a newly constructed smart city in a northeastern district with the help of a Thai industrial estate developer. The government of Myanmar, through the ministry of construction, and Bangkok-based Amata Corp signed an agreement on August 22 to jointly develop a smart city in East Dagon township, northeast of downtown Yangon. The $1 billion project’s first phase of 2,000 acres comprises residential, office and industrial properties. The developer is Yangon Amata Smart and Eco City (YASEC), a joint venture between Amata, which holds 80 per cent, and Myanmar’s department of urban...

Thai Firm To Build Smart City At The Outskirts Of Yangon

Myanmar’s commercial hub of Yangon will be expanded by a newly constructed smart city in a northeastern district with the help of a Thai industrial estate developer.

The government of Myanmar, through the ministry of construction, and Bangkok-based Amata Corp signed an agreement on August 22 to jointly develop a smart city in East Dagon township, northeast of downtown Yangon.

The $1 billion project’s first phase of 2,000 acres comprises residential, office and industrial properties. The developer is Yangon Amata Smart and Eco City (YASEC), a joint venture between Amata, which holds 80 per cent, and Myanmar’s department of urban and housing development, which holds the remainder.

YASEC managing director Yasuo Tsutsui said the project’s first phase will be completed over five years.

“The project will create 30,000 jobs and bring in more local and foreign investors, which means more income for the government,” he said, adding that this would be the first industrial zone to be jointly developed by Myanmar and Thailand.

Amata will also develop transportation, logistics and other services related to the city project over the long-term, while YASEC will ensure the project’s sustainability through incorporating green principles and proper urban planning.

Tsutsui further said that the project would reduce regional poverty and promote capacity building for people in Myanmar. He said the green and smart technology concept would be adopted in project management.

“It will be the first sustainable eco city in the country,” Tsutsui said.

Share your vote!


Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

NO COMMENTS

Leave a Reply