By Juliet Shwe Gaung
Apart from fresh investments, UMJ Ikeya is also bullish on backing its existing bets
After completion, the greenfield project at Thilawa will be the first bulk terminal in Myanmar.
The dry ports, to be located in Yangon and Mandalay, have a total project cost of $45 million
The property listings portal is looking at such deals to cross-promote real estate projects in various countries.
The grant comes from Geodata for Agriculture and Water (G4AW) Facility, a programme of the Dutch Ministry of Foreign Affairs, and Singapore’s Leap201.
A number of companies have also been looking at Myanmar for its policy of slowly opening to foreign investment and its rapid economic growth, although Japan’s ANA Holdings last year dropped a plan to form an airline with local partner Golden Sky World, after authorities rejected their application.
Mandalay Coffee Group expects to increase its export volume more than 200 per cent in 2018.
Eurowindow’s first factory in Myanmar is expected to produce doors and windows while the second factory will manufacture other construction materials.
Myanmar last month selected a consortium of local developer Min Dhama Co., Singapore’s Oxley Holdings Ltd. and China’s Sino Great Wall Co. as the preferred bidder for the redevelopment.
It signed a dealership agreement with Yangon-based KT Group to manufacture and supply prefab homes in Myanmar,