Sunday 27 October 2013

Kaytumadi Development Public Co to implement projects on 5,300-acre land

One of Myanmar's leading construction companies has reportedly submitted an application to authorities for undertaking industrial park and housing projects on 5,300 acres of land in Bago Region. 

Kaytumadi Development Public Co., Ltd is planning to use 4,800 acres of land for the international-level industrial park project and another 500 acres for the housing project in Taungoo, Bago Region. 


The company has also mentioned in the application that the land for those projects is in its possession. Up to Ks 5,000 million (about US$5 million) will reportedly be used for the two projects that will take five years to complete. 

The industrial park project is said to have 25 businesses including hotel and industry while the housing project will include seven businesses. 

The Bago Region government accepted the application and has submitted it again to central level government organisations for approval. 

Established with a capital of Ks 300 billion, Kaytumadi Development Public Co is closely related to Khin Maung Aye, who is the chairman of the Cooperative Bank, one of the famous private banks in the country.  
 
source: Eleven Myanmar

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