Ooredoo to spend $60 million on development projects

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Ross Cormack, the Senior Representative of Ooredoo in Myanmar said that the company will spend $60 million within 10 years on social development projects in Myanmar. Ooredoo, based in Qatar won one of the two tenders for telecom licenses on June 27. The other was won by the Norwegian firm Telenor.

The announcement was made at a press conference held in August at the Park Royal Hotel, Yangon.

Besides ensuring development of the communication sector, they will impart education and vocational training to Myanmar students. They will also promote development of health care.

Ross Cormack said. “To show our commitment to the social environment, last week we have requested permission from the Ministry of Relief and Resettlement to allow us to support flood victims. We will carry out initiatives for the development of the social environment and implement the commitments that we have made.”

Ooredoo will provide services in business sectors and mobile finance services for social development, mobile health services, agriculture and farming sectors.

Ooredo will also provide employment opportunities. 99 percent of their staff will be Myanmar nationals. Ooredoo will facilitate growth of local businesses, link job opportunities for youths, support capacity building endeavors for women and assist in the development of innovative ventures.

Project Director U Aung Thu Ra said that the Chief Strategy Officer of Ooredoo, Jeremy Sell has signed a MoU with the Yadanar Ayar in May, in order to carry out educational development projects. The Yadnar Ayar is an association focused on rural development and will work as Ooredoo Group’s local operator.

Ooredo  have been providing services to over 90 million users in middle east, North Africa and Southeast Asia.

Source: Mizzima

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