An Industry To Be Implemented by City Credit Capital Holdings Limited in Bago Region

An industry project is going to be implemented by Hongkong-based City Credit Capital Holdings Limited in Bago Region and it is planning to operate about 50 types of factories on that industrial land, according to the Bago Regional Government.

The Bago industrial project is going to be implemented with the purpose of its good transportation and future’s economic hub.

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In addition, Bago region is located on a major junction of the east-west-north-south commodity as well as an economic strategy hub. As a result, the foreign investment amount could be allowed to access up to UD$ 5 million by the government.

In addition, the 500 KVA power grids which will be sent from Tanintharyi Division will be available in Bagon Region soon.

The industry project will create job opportunities for the local residents and the Bago Regional Government is going to help City Credit Capital Holdings Limited to be better development in industrial sector.

Moreover, the government earmarks future projects such as to upgrade Bago River in order that small cargo ships are able to ship to Thilawa port and to upgrade Bago-Kayan-Yangon-Thilawa road.

Credit: Pyi Myanmar
Translated by: iMyanmarHouse.com