The Leading Committee on Establishing the Korea-Myanmar Industrial Complex (KMIC) held its first meeting through videoconferencing yesterday.

Union Minister for Construction U Han Zaw and committee members, including Yangon Region Minister for Electricity, Industry, Roads and Transport Daw Nilar Kyaw, held the meeting with officials from South Korea’s Land and Housing Corporation on Zoom.

KMIC is a collaborative effort between the LHC and Myanmar’s Department of Urban & Housing Development (DUHD).

U Han Zaw said they have completed detailed design plans for KMIC and will issue calls for tender and get started on construction in December. He said they are negotiating with relevant ministries to provide effective services for potential investors in addition to prioritizing infrastructure so that KMIC can be on a competitive level with international industrial zones.

KMIC has the potential to create about 100,000 job opportunities and will hopefully greatly assist Yangon Region’s economic development. U Han Zaw said they hope to attract international investors and offer infrastructure and services that meet international standards.

DUHD Director-General U Min Htein explained KMIC’s progress and future plans with a Power Point.

Daw Nilar Kyaw and directors-general and deputy directors-general of Directorate of Industrial Supervision & Inspection, Environmental Conservation Department, Electricity Supply Enterprise, Department of Immigration, Department of Trade, Department of Public Health, General Administration Department, Customs Department, and Directorate of Investment Company Administration discussed their respective roles regarding KMIC’s implementation, policies and following the Industrial Zone Law.

The Union Minister responded to the discussions from both sides and concluded the meeting with a closing speech.

KMIC will be implemented on 558 acres of the Nyaung Hna Pin training school in Hlegu Township, Yangon Region through collaborative efforts from Myanmar and South Korea.

MNA

(Translated by Zaw Htet Oo)

Photo:MNA

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