Based on official reports, Myanmar plans to devote area in Rakhine State for the development of the special economic zone aimed at attracting investors from ASEAN countries and export their products to China and India, According to the Business Standard article.
Myanmar is a strategic gateway between ASEAN, India and China, own of 1737 hectares in the village of economic zones is the gateway Kyaukphyu shortest and most economical for trade in goods between China and India entry, Xinhua said.
Kyaukphyu play a key role in the development sectors in the huge potential of the country, such as industry, forestry, fisheries, oil and natural gas, as well as service delivery.
The first phase of development of special economic zones Kyaukphyu of the three elements of the project, a deepwater port, an industrial zone and a residential area built.
And it will take place in the industrial park project in the area of the plot of the 8.5 km south of Kyaukphyu where there are five areas of the village, while the deep water port in project 1 is in the island north of the site and making the port of unfinished projects in the depths of the seas 2 located north Yanpye.
Residential construction project is located 12 km from Kyaukphyu involve two areas south of town.
The master plan includes three cities, including Kyaukphyu be established as a basis for the development of the industry, while cities are Yanpye development based on agriculture and Manaung area of the city for the development of ecological tourism zone.
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While the article stated that the invitation for expression of interest process, which began in 2014, stressed the ownership of Myanmar from the inside in case negotiations bidding in March and sharing video on what to expect when investing in Kyauk View Special Economic Zones.
According to the article, the project will begin in February 2016 with an initial area of 100 hectares for the development of an industrial zone, it is estimated that the project will be mostly 20 to 30 years to complete.
He said the project, once successfully implemented, will contribute to strengthening the economic integration of ASEAN and reap substantial economic benefits that can improve the economic sector in the country, and promote development in the state of Rakhine, and the creation of Kyaukphyu around as the basic pillar of economic development of the country’s experts.
Myanmar Capital 