Local Property News | Posted by Aye Myat Thu
Hlegu township industrial park project would be implemented on March, 2020.
The Hlegu industrial park project would be implemented on 1487.5 acres of land with the cooperation of Singapore and Myanmar.Local developers City Mart Holding Co.,Ltd. (CMHL), Myanmar Agribusiness Public Co.,Ltd. (MAPCO) and Sembcrop from Singapore signed an agreement on July 30, 2019.
The three companies are working together to form a joint venture with MSIP (Hlegu) JV, registered with Myanmar Investment Commission and they are waiting for the Commission’s permission.
The investment amount will be over US$ 231 million, with the share-holders Sembcrop owning 67%, Patama Group will have 18% and MAPCO 15% respectively.The project will be established on Yangon Region Government’s land and Yangon Region Hluttaw has already given a green light.
General industries, food-related factories, logistics storage facilities, as well as electricity, roads and all infrastructures are planned for the project.
Written by iMyanmarHouse.com Team
Credit: iMyanmarHouse.com
