Ministry of Industry invited companies to submit Expression of Interest (EOI) for the consideration on a real estate development project in Kachin State

The Ministry of Industry (MIC) has invited Express of Interest (EOI) on a real estate project for a shopping mall, offices, and a hotel on 0.359 acre of land at No.139/D, Bo Gyoke Aung San Road, at the corner of Zay Gyi Road, in Kachin State. The plot is owned by the Department of Industrial Supervision and Inspection.

The project will be developed under a Build-Operate-Transfer (BOT) system. The department will provide land and the company will provide the financial investment for the project.

“We can only afford to purchase the land. Therefore, the applicant company must provide a business plan showing how much it will invest and how much profit the project will generate. We will choose the tender winner based on this information,’’ said U Tin Shwe Oo, Director of Department of Industrial Supervision and Inspection.

The Ministry of Industry operated Win Thuzar Shop on the land in the past. Now the department is inviting submissions for an EOI to come and inspect the land, he added.

“This is the very first step of the process. We will complete the EOI selection in one month. Then we will choose the winner in line with the remarks from MIC,’’ he said.

Interested investors can submit EOIs to the Department of Industrial Supervision and Inspection, Tender Committee (No.41 office building, the Ministry of Industry, Naypyidaw) starting from September 6.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/eoi-companies-invited-consider-kachin-state-real-estate-development )

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