In a statement via SGX, Sembcorp says an agreement will be signed shortly with the Yangon Region government for the lease of 436 hectares of land in the Hlegu Township of Yangon Region for industrial, residential and commercial purposes.
Sembcorp Industries announced on August 17 that its wholly-owned subsidiary, Sembcorp Development will develop its first integrated urban development in Myanmar.
The Myanmar Investment Commission, under the direction of the Myanmar government, has issued a permit approving the development of the Myanmar Singapore Industrial Park.
