A local private company is planning to implement a beach resort project in Ye township in Myanmar’s southern Mon state, state-run media reported.
The project is expected to cost $12 million.
The project by Aurum Company is still under negotiation with the Mon state government for obtaining the final approval, said the Global New Light of Myanmar.
The planned beach resort lies along a 12.8-kilometre Kanbyar Beach, 27.2km from the town of Ye.
The project includes bungalows with 120 rooms, hotels, offices, restaurants, swimming pools, staff quarters and car parking.
The Mon state government has also recently invited local and foreign investment to build high-rise buildings and develop eco-tourist sites.
The Kanbyar beach resort project, if successfully implemented, will add to three other beach resorts of Ngapali, Chaungtha and Ngwe Saung in Myanmar.
Myanmar received 3.05 million tourists in 2014, according to government figures. Among them, about 70 percent comes from ASEAN member countries, followed by those from European countries especially the UK and Germany. Myanmar’s tourist earning hit $1.14 billion in 2014.