Home MMBIZ News Hong Kong Construction Firm to Build Myanmar Factory

Hong Kong Construction Firm to Build Myanmar Factory

Hong Kong-based construction company Yau Lee Holdings Ltd is planning to set up a precast concrete factory for low-cost housing projects, amid the country’s high demand for housing.

The project will be a joint venture between Yau Lee Holdings and the local Youth Force Group.

The partners are in the process of finding a suitable location for the factory which will probably be set up within the Thilawa special economic zone, company officials said.

Once a suitable factory site is found, the proposal will be submitted to the Ministry of Con-struction followed by the Myanmar Investment Commission (MIC).

The Ministry of Construction is currently building a number of affordable housing projects across Yangon with the technical assistance from Youth Force.

Yau Lee is a Hong Kong-based public company which is active in markets like Hong Kong, Singapore, the UAE and China for various construction projects. It has diversified into hotel investment as well.

- Advertisment -

Must Read

Myanmar’s First Standardized Human Milk Bank Reopens

Written by Stephanie Li Mothers who are unable to supply enough breastmilk to meet the need of their babies can now draw on Myanmar’s first...