ElevenMyanmar-1 Nov 2017
With the aim of implementing three mega projects for regional development in Rakhine State, a memorandum of understanding (MoU) has been signed between the Rakhine State Government Committee and private companies on October 30.
The mega projects will be the construction of the Kanyinchaung trade zone on Maungdaw Township, development of Manaung Island and construction of Ngapali International Golf Club.
“We signed agreement with three companies on October 30h aiming for development of Manaung Island, implementation of trade zone and the upgrading of Ngapali golf club to meet international standards,” said Kyaw Aye Thein, Minister of Finance, Planning and Commerce from Rakhine State Government Committee.
The entrepreneurs held a discussion about socio-economic development projects in Rakhine State on October 29, and they exchanged views about the future prosperity of Kanyinchaung economic zone. Kyaw Win, Union Minister of Planning and Finance, also attended the discussion.
The Kanyinchaung economic zone is situated about 2 miles from Kanyinchaung deep sea port in the northern part of Maungdaw Township. The port was constructed under the previous government, with investment of K1 billion in cooperation with the Rakhine State Government Committee and private companies.
