YANGON -- South Korean state-linked Korea Land and Housing broke ground on an industrial park near Yangon on Thursday, becoming the latest foreign company to develop such a project in the country, a move that the Myanmar government hopes will help to draw in overseas manufacturers. Also in the pipeline are similar projects by Thailand's Amata and Singapore's Sembcorp Industries.
Business trends
Myanmar industrial parks offer precious infrastructure to investors
South Korean, Thai and Singaporean developers build business zones around Yangon
The 225-hectare Korea-Myanmar Industrial Complex north of Yangon will cost around $110 million. (Concept drawing courtesy of KMIC Development)
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