Several Singaporean companies have indicated an interest in investing in
the high-end construction business and other industries in Burma, a
notable advancement from previous Singapore firms which chose mostly to
steer toward the construction of hotels.
That was the message conveyed when a group of the island state’s
business representatives led by Wilmar Investment Holding Pte Vice-
Chairman George Yeo met Myanmar Investment Commission (MIC) Chairperson
Soe Thein on January 11.
“The Singapore investors suggested that
they would like to invest in world-standard hotel constructions in
Yangon, Mandalay and Bagan-Nyaung Oo; palm oil refineries in the Thilawa
industrial zone in Yangon Region; sugar refineries and high-tech
industries in Sagaing Division; and rice and rice-product industries in
Pegu and Irrawaddy Divisions,” said an MIC spokesperson.
He said
they also showed an interest in constructing high-standard factories,
refineries and plants to cater for the following industries: oil &
oilseeds; animal feed; wheat; beans, lauric oil; and fertilizer.
In
2011, Singapore firms were involved in 10 of the 26 hotels that were
passed for construction under agreements made with Burma’s Ministry of
Hotels & Tourism.
source: Mizzima
http://www.mizzima.com/business/8725-singapore-investors-build-hopes-of-entering-burmas-construction-market.html
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