New industrial zone planned for eastern edge of Yangon, Myanmar
The planned Kyisu Industrial
Zone will be built to international standards on a 125-acre zone on the
eastern outskirts of Yangon for both local and foreign businesses, the
vice president of the Yangon regional government said.
A proposal for the project was presented to Vice-president Nyan Htun at the forum on industrial zones held earlier this week.
The zone, which will be located in eastern Dagon Myothit Township, is one of several in the pipeline that aim to encourage domestic and foreign investors to set up factories in the region.
Industrial zones face several challenges in terms of
infrastructure and management, the forum was told. These include waste
disposal, sewage systems, and lack of electricity. Officials told the
forum that the main purpose of the zones was to create employment.
“The major investor for the Kyisu project will be
selected soon as the zone is earmarked to be built this fiscal year,” an
official said on condition of anonymity. “We’ll do our best to provide a
decent sewage system and waste management,” the official added.
There are about 4,000 factories at 29 industrial
zones in the region. The industrial sector generated an estimated 36% of
the region’s gross domestic product.
(Eleven Myanmar)
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