Myanmar plans more industrial zones

Myanmar_SEZThe Myanmar government is planning to build more industrial zones in the future as part of the strategy to contain the growing land prices, according to officials cited by Eleven Myanmar.

“The matter of higher land prices is very difficult to tackle. [The government] is currently planning to create more industrial zones in the future. Land prices go up and down according to the market’s supply and demand. Higher prices will go down when a wanted land plot is inexpensively available in the market. So it’s now considering to create more industrial zones. Some are now under preparations in Myawaddy, Hpa-an and Bago,” said an official from the Myanmar Investment Commission (MIC).

“It’d not be like before. A developer will be responsible for the whole process of creating an industrial zone. MIC can’t handle the matter. It’s according the market demand. It’s good to create more industrial zones. It can satisfy the higher market demand to an extent,” he added.

The 201-acre wide Myawaddy Industrial Zone, currently under development in south-eastern Myanmar will finish its first phase in 2015.

Myawaddy is closely located to Mae Sot in Thailand where about 300,000 Myanmar migrant workers reside. The main objective for implementing the zone is to be able to employ Myanmar migrant workers after 2015. At present, Myanmar workers are working at the zone.



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The Myanmar government is planning to build more industrial zones in the future as part of the strategy to contain the growing land prices, according to officials cited by Eleven Myanmar. “The matter of higher land prices is very difficult to tackle. [The government] is currently planning to create more industrial zones in the future. Land prices go up and down according to the market’s supply and demand. Higher prices will go down when a wanted land plot is inexpensively available in the market. So it’s now considering to create more industrial zones. Some are now under preparations in Myawaddy,...

Myanmar_SEZThe Myanmar government is planning to build more industrial zones in the future as part of the strategy to contain the growing land prices, according to officials cited by Eleven Myanmar.

“The matter of higher land prices is very difficult to tackle. [The government] is currently planning to create more industrial zones in the future. Land prices go up and down according to the market’s supply and demand. Higher prices will go down when a wanted land plot is inexpensively available in the market. So it’s now considering to create more industrial zones. Some are now under preparations in Myawaddy, Hpa-an and Bago,” said an official from the Myanmar Investment Commission (MIC).

“It’d not be like before. A developer will be responsible for the whole process of creating an industrial zone. MIC can’t handle the matter. It’s according the market demand. It’s good to create more industrial zones. It can satisfy the higher market demand to an extent,” he added.

The 201-acre wide Myawaddy Industrial Zone, currently under development in south-eastern Myanmar will finish its first phase in 2015.

Myawaddy is closely located to Mae Sot in Thailand where about 300,000 Myanmar migrant workers reside. The main objective for implementing the zone is to be able to employ Myanmar migrant workers after 2015. At present, Myanmar workers are working at the zone.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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