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MIC Approves Hotel and Shopping Mall Construction

The Myanmar Investment Commission (MIC) has granted permission to a local constructor to build a complex comprising a five star hotel, shopping mall, business centre and serviced apartments in downtown Yangon.

Local firm Adventure Myanmar Tour and Incentives Co Ltd received the nod to start the project on 7-plus acres of land in the compound of State Defense University on Shwedagon Pagoda Road in Dagon township.

The construction of the facilities will be carried out in a build-operate-transfer (BOT) system.

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