Framework Agreement for Yangon AMATA Smart & Eco City
Amata Corporation's subsidiary, Yangon AMATA Smart and Eco City Limited (YASEC) and the Department of Urban and Housing and Development (DUHD), Ministry of Construction, Republic of the Union of Myanmar have signed a framework agreement to develop Yangon AMATA Smart and Eco City project, in which DUHD will hold twenty percent of shares.
U Phyo Min Thein, Chief Minister of Yangon Regional Government and Vikrom Kromadit, Chairman of Amata Corporation PCL. presided over the event.
YASEC will become the first Smart & Eco City and will set a new benchmark for sustainable development in Myanmar. The project is going to be developed in East Dagon Township within 2,000 acres and will support all necessary infrastructure, utilities, logistics and services and other necessary businesses to attract quality investors, providing employment in an Eco-friendly environment and contribute to a sustainable growth of the country.