Myanmar gives go-ahead to Kyaukphyu SEZ, China's CITIC to hold 85% stake

The Myanmar Parliament has given its go-ahead to the ambitious Kyaukphyu oil and gas special economic zone project, in which China’s conglomerate CITIC will hold 85 per cent stake with Myanmar state retaining the rest.

CITIC Limited, a Hong Kong listed company, is China’s largest conglomerate engaged in financial services, real estate and infrastructure, engineering contracting, resources and energy and manufacturing, both in China and overseas.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter