Construction of new circular roads in being extended to the whole Yangon Region to boost investments in outskirt areas

YANGON- Construction of new circular roads is being extended in the whole Yangon Region to boost investments in outskirt areas, says U Than, Joint Secretary of Yangon City Development Committee (YCDC).

“The current population of 5.2 million will be increasing to over 10 million by 2040 because Yangon will become a “Mega City”. As more and more of the population moves into Yangon, especially there will be developments along Circular Railroad,” said U Than.

Moreover, Yangon Region Investment Committee is now discussing about establishment of industrial zones in Yangon Region with China and South Korea, according to the pre-press conference of Yangon Investment Forum 2018 held in Cooperative Business Centre on May 2nd.

“China and Korea are keen to build industrial zones in Yangon Region. So, they met with the Yangon Region Investment Committee and inquired about this,” said Myo Khaing, Joint Secretary of Yangon Region Investment Committee.

At present, the Yangon Region Investment Committee is trying to get permission for foreign Investments worth of US$ 5 million within one and half months period. 

(Eleven Media Group: http://www.elevenmyanmar.com/business/13961 )

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