Sunday, 01 September 2013

Read in Myanmar

Search...

Go

HOME

NATIONAL NEWS

BUSINESS

THE PULSE

SPORTS

OPINION

IN DEPTH

SPECIAL FEATURES

IN PICTURES

Vietnam signs $300 million deal on Yangon mega complex

By Ju st in Heifet z | Fr ida y , 2 1 Decem ber 2 0 1 2 Like 58 0 Tw eet 1 28

^ scroll to top

Most Read - Property News

MGW plans My anmars tallest building SPA, Y oma Strategic unv eil landmark project for Y angon Y angon's rental market hot Race to the sky heats up in Y angon V ietnam signs $300 million deal on Y angon mega complex Traders breaks ground on 20-storey tower in Y angon Heritage forum focuses on Y angon market Property market sluggish after tax jump

A graphic rendition of the planned Hoang Ang Gia Lai My anm ar Centre to be built in downtown Yangon and com pleted by 2 01 7 . (Hoang Anh Gia Lai Group)

Japan International Cooperation Agency updates 30-y ear plan for Y angon FMI residents body confronts dev eloper

The Ministry of Tourisms Directorate of Hotels and Tourism signed a Build, Operate and Transfer (BOT) contract and land leasing agreement with Vietnams Hoang Anh Gia Lai Group (HAG) for a US$300 million mixeduse complex in Y angon, state media reported Thursday, December 20. Officials from the Ministry of Tourism met with representatives from the HAG on Wednesday, December 19 at Amara Hotel in Nay Pyi Taw to sign for the construction of the multi-purpose Hoang Ang Gia Lai Myanmar Centre. The BOT concession contract comes after the Ministry invited foreign companies to invest in Myanmars tourism sector. The Hoang Anh Gia Lai Myanmar Centre, now in its first phase of construction, is being built on Kabar Aye Pagoda Road in Y angons Bahan township. The centre is expected to include a five-star hotel with business and recreation facilities; retail space and restaurants; and offices and apartments for lease. HAG has announced that all legal procedures to develop the 8-hectare plot have been completed, according to Vietnamese news agency Tuoi Tre. The realty market in Myanmar has become heated after the country opened to the world, and we are speeding to grab this chance, Le Hung, CEO of HAG Land, told Tuoi Tre on Wednesday, December 19. We have finished clearing site on the leased land plot, he confirmed. The first phase of construction is slated for completion by 2015, while the second and final phase should be completed by 2017, according to the Directorate of Hotels and Tourism.

Follow The Myanmar Times

The Myanmar Times
Like 94,691 people like The Myanmar Times.

F acebook social plugin

Follow @TheMyanm arTim es

5,997 follow ers

Copy r ig h t 2 0 1 3 T h e My a n m a r T im es. A ll r ig h t s r eser v ed. Hom e Na t ion a l New s Y a n g on A bou t Us Reg ion a l New s Con t a ct Us Fa cebook Bu sin ess Lifest y le Spor t s Opin ion T ech n olog y Su bscr ipt ion s Specia l Fea t u r es T r a v el Din in g

Na y Py i T a w

Ma n da la y a n d Upper My a n m a r Pr iv a cy Policy T w it t er RSS

Pr oper t y New s A dv er t isin g W or k W it h Us