First Phase of Korea-Myanmar Industrial Complex (KMIC) Project to Complete at the End of 2024

The first phase of the Korea-Myanmar Industrial Complex (KMIC) project being implemented in Hlegu Township of Yangon Region will complete at the end of 2024. In this regard:

  • The project will be run on a total of 555.81 acres of land area, dividing into two phases.
  • This project will be run by holding share of 40 percent share of the Urban and Housing Development Department of the Ministry of Construction, 40 percent share of Korea Land and Housing Corporation (LH), and 20 percent share of a Korean company called Korea Global Sae-A.
  • Around US$ 48.45 million will be cost for the first phase of KMIC and the whole project will cost around US$ 120 million in total.
  • In addition to the industrial park and housings and economic industry areas will be included in this project and it will be implemented as an international-level industrial park.

Once the project is done, from 50,000 up to 100,000 job opportunities can be created, it is reported.

Source: Myawady Daily Newspaper (19-9-2022)

  • The first phase of the Korea-Myanmar Industrial Complex (KMIC) project being implemented in Hlegu Township of Yangon Region will complete at the end of 2024.
  • Around US$ 48.45 million will be cost for the first phase of KMIC and the whole project will cost around US$ 120 million in total.
  • In addition to the industrial park and housings and economic industry areas will be included in this project and it will be implemented as an international-level industrial park.

 

engdate: 
Tuesday, September 20, 2022 - 12:45
month: 
September, 2022