News dalla rete ITA

31 Agosto 2018

Birmania - Thailandia

NEW CITY DEVELOPMENT NEEDED TO DRAW FOREIGN INVESTMENTS: CHIEF MINISTER

According to U Phyo Min Thein, the region’s chief minister, Yangon must be developed further to free up space for new industrial zones and residences, which, in turn, will draw more foreign investors to the city. The new city and other projects will be developed by the private sector and supervised by the government, and that the new projects are necessary to attract more foreign direct investments (FDI) over the long term. Negotiations have already commenced with investors to lease land lots at the industrial zones. The regional government is now in the process of developing land in east Dagon and west of the Yangon River for this purpose.The government will also ensure the price of farmland surrounding the new cities and industrial zones remains stable.The chief minister this year announced several new projects for Yangon, including the US$5 billion new Yangon City project, which will include five townships and10 sq km of industrial estate on the west bank of Yangon River, the Yangon Amata Smart & Eco City and up to 11 new industrial zones in 11 townships. (ICE BANGKOK)


Fonte notizia: The Myanmar Times