Yangon New World Project, which would be the biggest project in Yangon, will be implemented with USD 500 million investment after getting permission from Myanmar Investment Commission (MIC), according to Zaykabar Company.

The project is on 14 acres of land in Bahan Township, Yangon where the old Mya Yeik Nyo Hotel was situated, and it will become the biggest project in Yangon that includes a 5 Star hotel, apartments, offices and shopping centers.

Yangon New World project is jointly developed by China State Construction Engineering Corporation and Zaykabar Company, and 40 percent of the investment is from Zaykabar while 60 percent is from the Chinese company.

Source: The Mirror

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