A Japanese company, Super Hotel Co Ltd, and the Max and Myint Myat Htut Khaung companies, have been given the go-ahead for developments as part of a housing complex project in Thilawa Special Economic Zone, according to announcement from Myanmar Thilawa SEZ Holdings Public Limited (MTSH).
Thilawa Property Development Limited (TPD), a subsidiary company of the MTSH, invited an open tender to build a housing complex as well as a hotel and filling stations.
The TPD invited the tender for the hotel project on September 28, with 17 companies – 11 local, two from Singapore, and one each from Japan, the Philippines, Taiwan and China – submitting tenders. Super Hotel Co Ltd was the successful bidder.
The Japanese company runs three hotels overseas including one in Yangon and owns 119 hotels in total. The company will build a 129-room hotel in the project area.
The TPD invited the tender for the filling stations on November 2, with 11 companies applying for the project. Max and Myint Myat Htut Khaung companies won the tender to run a filling station for each in the project area.
The Thilawa Special Economic Zone, which was launched in September last year, is the first economic zone in Myanmar.
More than 94 per cent of the land space in Zone A has been rented, with investment due to start in Zone B. A total of 68 companies had made investments in Zone A until at the end of September, according to statistics released by the Thilawa SEZ Management Committee.
A Japanese company, Super Hotel Co Ltd, and the Max and Myint Myat Htut Khaung companies, have been given the go-ahead for developments as part of a housing complex project in Thilawa Special Economic Zone, according to announcement from Myanmar Thilawa SEZ Holdings Public Limited (MTSH).
Thilawa Property Development Limited (TPD), a subsidiary company of the MTSH, invited an open tender to build a housing complex as well as a hotel and filling stations.
The TPD invited the tender for the hotel project on September 28, with 17 companies – 11 local, two from Singapore, and one each from Japan, the Philippines, Taiwan and China – submitting tenders. Super Hotel Co Ltd was the successful bidder.
The Japanese company runs three hotels overseas including one in Yangon and owns 119 hotels in total. The company will build a 129-room hotel in the project area.
The TPD invited the tender for the filling stations on November 2, with 11 companies applying for the project. Max and Myint Myat Htut Khaung companies won the tender to run a filling station for each in the project area.
The Thilawa Special Economic Zone, which was launched in September last year, is the first economic zone in Myanmar.
More than 94 per cent of the land space in Zone A has been rented, with investment due to start in Zone B. A total of 68 companies had made investments in Zone A until at the end of September, according to statistics released by the Thilawa SEZ Management Committee.
Source: Eleven Myanmar
