Mandalay is inaugurating its newest industrial park, the Mandalay Myotha Garden City Project in Ngazun township, according to the Ministry of Information.
The project is a master plan development, supported by both local and foreign investment as well as experts.
It aims at improving socio-economic cohesion through increased employment opportunities, public-private investment and sustainability with a focus on environmental development.
The project, which began in 2013, is being jointly implemented by the Mandalay government and Myotha Industrial Development (MMID).
The 12,000-acre project expects to host industrial parks, warehouses, eco-friendly open spaces, transportation infrastructure and commercial centres, among other things.
Twenty-one nearby villages are expected to enjoy access to more job opportunities once factories begin to operate in the park.
Along with employment, the city project hopes to develop better access to health care, education and religion, as well as village and community development, according to U Min Lwin Oo, who is in charge of environment, health, safety and security.
An industrial zone with an estimated US$500 million in investments is expected to open 100 factories over three years, according to the state-run Global New Light of Myanmar.
About 250 jobs are expected to be available in a shoe factory once it starts operating, according to MMID Managing Director U Tun Tun Aung.
Five factories have already started operations in the industrial park.
Source : Myanmar Times
To see the original article click link here
