Myanmar to develop Special Economic Zone in troubled Rakhine state

092MD8O5IMLocal and foreign companies are being sought to bid on the construction of a Special Economic Zone (SEZ) in Myanmar’s western state of Rakhine, officials said on September 6.

The Kyauk Phyu zone will include the development a 16-meter deep port with a container-handling capacity of 8,000 20-foot equivalent units.

“Tenders will be opened on September 15 and we will choose winners by the end of December,” said Maung Maung Thein, vice-chairman of the Kyauk Phyu economic zone management committee.

Construction of the industrial zone on 1,500 hectares of Yanbyae Island would begin in early 2015, he said. The project is expected to initially cost more than $200 million.

The initial logistics infrastructure will be port-based, with road infrastructure developed at a later stage, the committee said. Targeted industries for the initial phase are textiles, construction materials, food processing and general manufacturing.

The Rakhine state is home to the ethnic Muslim group of Rohingyas who are denied citizenship in Myanmar. The region has seen riots and a series of conflicts in the past.

 



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.

$
Personal Info

Donation Total: $10.00

 

 

Local and foreign companies are being sought to bid on the construction of a Special Economic Zone (SEZ) in Myanmar’s western state of Rakhine, officials said on September 6. The Kyauk Phyu zone will include the development a 16-meter deep port with a container-handling capacity of 8,000 20-foot equivalent units. “Tenders will be opened on September 15 and we will choose winners by the end of December,” said Maung Maung Thein, vice-chairman of the Kyauk Phyu economic zone management committee. Construction of the industrial zone on 1,500 hectares of Yanbyae Island would begin in early 2015, he said. The project...

092MD8O5IMLocal and foreign companies are being sought to bid on the construction of a Special Economic Zone (SEZ) in Myanmar’s western state of Rakhine, officials said on September 6.

The Kyauk Phyu zone will include the development a 16-meter deep port with a container-handling capacity of 8,000 20-foot equivalent units.

“Tenders will be opened on September 15 and we will choose winners by the end of December,” said Maung Maung Thein, vice-chairman of the Kyauk Phyu economic zone management committee.

Construction of the industrial zone on 1,500 hectares of Yanbyae Island would begin in early 2015, he said. The project is expected to initially cost more than $200 million.

The initial logistics infrastructure will be port-based, with road infrastructure developed at a later stage, the committee said. Targeted industries for the initial phase are textiles, construction materials, food processing and general manufacturing.

The Rakhine state is home to the ethnic Muslim group of Rohingyas who are denied citizenship in Myanmar. The region has seen riots and a series of conflicts in the past.

 



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.

$
Personal Info

Donation Total: $10.00