Myanmar's Ministry of Construction (MOC) has announced plans for four mega development projects across Yangon and Mandalayas reported in the Myanmar Times and Irrawaddy.

The 4 Mega Projects are:

1. New Mandalay Resort City - 3-phase development covering 9,893 acres.
2. Dagone Seikken township development 1,100 acres. 
3. KL and DUHD US$110 million industrial zone construction partnership. Korean investment stake 60%, Myanmar stake 40%.
4. Eco Green City - US$2 billion project to be completed by 2023.

New Mandalay Resort City 

The Ministry Of Construction has shortlisted six companies, of which one will be selected as Master Developer for the largest of the four projects, the New Mandalay Resort City which will be developed in Pyin Oo Lwin.

Accoring to The Myanmar Times The New Mandalay Resort City, now in its initial phase, is being developed by the MOC subsidiary agency Department of Urban Housing and Development (DUHD) and funded by local and foreign investment.

This project, spanning 9,893 acres will be developed in three phases. Phase One will comprise an IT facility, convention centre, schools and a commercial zone that includes banks, and retail spaces, such as malls.

Phase Two will allocate several zones for developing industry and tourism sectors. While Phase Three will comprise housing options, a golf course as well as hotel and even agricultural zones. 

Dagone Seikkan Township

In Yangon, a K250 billion Smart District has been chosen for development at Dagone Seikkan township, in partnership with local property developer Shwe Taung Company. The development will include commercial developments as well as housing options, schools, parks, and sports facilities. The 1,100-acre site is located 8 miles from the CBD and approximately an hours drive from the Hantharwaddy Airport in Bago, currently under construction.

Industrial zone in Nyaung Na Pin village

The Korean Land and Housing Corporation (KL) and DUHD have partnered to construct a US$110 million industrial zone in Nyaung Na Pin village. The zone will enable greater investment from Korean companies in heavy industry and labour-intensive sectors. 

The project area is approximately 555-acres and will be a joint venture between Korea and Myanmar, where the stake will be split 60% to 40% respectively. Currently, under construction, the project's expected completion will be 2023.

Eco Green City 

Another project in Hlegu, called Eco Green City will also be a government partnership with the Alliance Star Group of Companies. The US$2 billion project is expected to take up to ten 10 years to complete, but once constructed, Phase One of the project will comprise low-cost housing, government administration offices and a retail precinct. And in Phase Two, an international standard hospital and school, hotel zone, and public recreational space. 

Sources: The Irrawaddy, Myanmar Times

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