22 Nov 2017
MYANMAR: Ayeyarwady Manufacturing-Focussed Industrial Zone Set for 2020 Launch
A new manufacturing-oriented Industrial Zone (IZ) is to be established in Ayeyarwady, one of Myanmar’s most populous regions and some 100km to the west of Yangon, the national capital. Officially approved by the Myanmar Investment Commission, works on the zone are scheduled to be completed by May 2020.
Once operational, the 250-acre site will be able to accommodate up to 50 factories, with its tenants likely to be drawn from the textile, electronics and food/beverage sectors. The site is currently being developed by the Shanghai Yangon Investment Company, its majority shareholder, and two local companies – Maubin Development and Southern Middle Industry.