Chinese-backed Kyaukphyu deep-sea port project gets real
Chinese firm CITIC has invited interested companies to submit a bid in order to conduct social and environmental assessments for the construction of its Rakhine-based Kyaukphyu deep-sea port project. Proposals are due by the first week of February. TChina’s Kyaukphyu deep-sea port gets closer to becoming reality
As previously reported, one of the China-Myanmar Economic Corridor’s main components, the Kyaukphyu Economic Zone has inched one step closer this week to becoming reality. Part of the global Belt and Road Initiative aiming to connect China to gChina’s CITIC to build Myanmar’s Kyaukphyu Deep Seaport for USD 1.3 Billion
Deputy Commerce Minister U Aung Htoo said on Feb 16 that the planned multi-billion dollar Kyaukphyu Deep Seaport project will be developed with the contribution of 70 per cent by the China International Trust and Investment Corporation Consortium (CI
China to invest USD 130 million in agriculture
A Chinese state-owned enterprise will invest in three agricultural centers around Myanmar valuing USD 130 million. The Chinese CITIC Construction Group will partner with the Myanmar Rice Federation (MRF) and the Myanmar Agribusiness Public Corporatio
CITIC and MAPCO form agri-business centres and rice mills
China’s CITIC Construction, a subsidiary of the state-owned CITIC Group, has partnered with the Myanmar Agribusiness Public Corporation (MAPCO). The project is worth US$ 500 million, involving high-end rice mills and agri-business service centers a
