HomeMMBIZ NewsSingapore Company to Invest in Hotel Project in Yangon

Singapore Company to Invest in Hotel Project in Yangon

Singapore-based SCCP Lakeside Company will invest in a three-star hotel project in Yangon, local media reported.

SCCP has been granted by Myanmar Investment Commission (MIC) for the establishment of the hotel project in Hlaing Township of Yangon in line with the Foreign Investment Law, in April.

The MIC also gave permission for a 14-story hotel project, which will run under the Myanmar Citizen Investment Law.

There are a total of 26 foreign-invested hotels across the country, including Yangon and Mandalay regions.

- Advertisment -spot_img

Must Read

Myanmar’s economy to grow only 1 percent in 2022: World Bank

Following an expected 18 percent contraction of the economy in the year ended September 2021, the World Bank’s Myanmar Economic Monitor, released on January...
spot_img