About US$100 million will be invested to
build the Traders Square Commercial Complex near the Traders Hotel in
downtown Yangon, an official from the Hong Kong-based Shangri-La Hotels
and Resorts says.
A stake driving ceremony took place on November 14 and the construction is expected to finish by 2015.
“The project also includes a parking lot
for over 600 cars. Upon completion, the space problem for offices and
others can be solved,” Myint Swe, Yangon Region chief minister said at
the ceremony.
Traders Square Commercial Complex will
have a three-deck basement for car parking. Shangri-La has plans to
build more hotels in other cities such as Mandalay and Bagan. It opened
the Traders Hotel in Yangon in 1996.
source: Eleven Myanmar
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