Usd1.1bn of Construction for Yangon

A rush to fill the market gap for high-end mixed-use space in Myanmar has seen three international companies announce projects worth over a billion dollars in Yangon.

Two projects with a combined development value of USD700m will be built by Bouygues of France and Taisei Corporation of Japan for Singaporean developer Yoma Strategic Holdings. One, Yoma Central will feature two Grade A office towers, a business hotel, serviced apartments and retail, while the second is to be a luxury hotel. Work is expected to be completed in 2021.

Japanese contractor Kajima will build a USD400m triple-tower project consisting of hotels and offices across three towers, of 27, 21 and 20 storeys in height with total floorage of 170,000 sq m. The development is part of a deal made between Myanmar and Japan in 2015 to develop public land on a public–private partnership basis.

- Video Advertisement -

Related Post

China and Australia are set to expand their investment in agriculture in Kampong Thom Province

  In a promising development for the agricultural sector, Chinese and Australian investors are set to expand their investments in Kampong Thom province, Cambodia. This exciting announcement was made during a pivotal meeting on May 27, 2025, between Mr. Nuon Pharath, the Governor of the Kampong Thom Provincial Council, and representatives from both countries. The […]

CDC generated 5.7 billion Riels in revenue through digital technology over a nine-month period

From August 2024 to April 2025, the Council for the Development of Cambodia (CDC) collected 5.7 billion riels, which accounts for approximately 35% of its total public service revenue, utilizing digital technology. This was announced during the signing ceremony of a Memorandum of Understanding between the CDC and ACLEDA Bank Plc on May 20, 2025. […]

Cambodia Welcomes 12 New Investment Projects Boosting Industry and Energy Sectors

Cambodia is set to enhance its economic landscape with the approval of 12 new investment projects, collectively valued at USD155 million, specifically targeting the industry and energy sectors. This significant development was confirmed during a one-stop meeting chaired by His Excellency Chea Vuthy, Secretary-General of the Committee for Investment of Cambodia. These projects are not […]

School Aid Japan Commits to Build 20 School Buildings Annually in Cambodia

In a significant step towards enhancing educational infrastructure in Cambodia, School Aid Japan has announced its commitment to construct 20 new school buildings each year. This initiative will primarily benefit Cambodian orphans, ensuring they have access to quality education. The announcement was made by MIKI Watanabe, the Director General of School Aid Japan, during a […]

Canada Explores Investment Opportunities in Cambodia’s Public Works and Transport Sector

  A Canadian trade mission has recently arrived in Cambodia to explore potential investment opportunities in the nation’s public works and transport sector. This initiative aims to foster collaboration between the two countries, enhancing infrastructure development in Cambodia. On May 29, 2025, His Excellency Peng Po Nea, the Minister of Public Works and Transport, met […]

Germany and Cambodia Strengthen Ties to Enhance Infrastructure Development

  In a significant step forward for Cambodia’s industrial growth and international trade, Germany has reaffirmed its commitment to supporting the development of quality infrastructure in the country. This commitment was highlighted during a meeting between HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, and a delegation from the German National Institute for […]