Who owns Myanmar industrial Port?
Captain U Ko Ko Htoo
The Company is owned by Captain U Ko Ko Htoo (50%), his wife Daw Sandar Aung (40%) and their son U Min Thiha Htoo (10%). Captain Ko Ko Htoo is a Myanmar national with over 15 years of international shipping experience which he has used to develop and operate MIP since its origins in 2003.
Which port is built by China in Myanmar?
Myanmar junta’s decision to expedite China funded Kyaukphyu Special Economic Zone (KPSEZ) and deep-sea port project could emerge as a challenge for India built Sittwe Port given geographical proximity between the two ports.
How many ports are in Myanmar?
ports in Myanmar (8)
What is the main port in Myanmar?
Port of Yangon
Thilawa Port is the largest port terminal in Myanmar and, alongside the Port of Yangon, is one of the two main ports of Yangon….Thilawa Port.
| Myanmar International Terminals Thilawa | |
|---|---|
| Country | Myanmar (Burma) |
| Location | Yangon |
| Coordinates | 16°39′41″N 96°15′27″E |
| Details |
Is Yangon a port city?
Major port facilities administered by the MPA include: Myanmar Port Authority, Yangon. Asia World Port Terminal, located in Ahlone Township of Yangon. Myanmar Industrial Port, Yangon.
Does Myanmar support India?
Myanmar is important for India because of the geographic, historical, cultural and economic linkages/ties that span centuries as well as for the overall development of North-Eastern Indian states. India and Myanmar relationship officially got underway after the Treaty of Friendship was signed in 1951..
Who built Yangon?
King Alaungpaya
When King Alaungpaya (who founded the last dynasty of Myanmar kings) conquered southern Myanmar in the mid-1750s, he developed Dagon as a port and renamed it Yangon (“The End of Strife”), a name that was later transliterated as Rangoon by Arakanese interpreters accompanying the British.
What was Myanmar’s original name?
The official English name was changed by the country’s government from the “Union of Burma” to the “Union of Myanmar” in 1989, and still later to the “Republic of the Union of Myanmar”.
Is Myanmar friend of India?
India and Myanmar signed a Treaty of Friendship in 1951. The visit of the Prime Minister Rajiv Gandhi in 1987 laid the foundations for a stronger relationship between India and Myanmar. A number of agreements enhancing bilateral Cooperation have been signed between the two countries.
Where is the deep sea port in Myanmar?
YANGON—The Myanmar government’s investment agency last week approved the registration of a joint venture between a Chinese company and a government-backed committee to develop China’s strategic deep-sea port project in western Rakhine State.
Who are the companies involved in the Myanmar Port project?
The construction of the industrial zone will be led by CITIC and a total of 42 private Myanmar companies under Myanmar Kyauk Phyu Special Economic Zone Holding Public Company Limited, it said. Nan Lwin The Irrawaddy Nan Lwin is Senior Reporter at the English edition of The Irrawaddy.
Who are the directors of CITIC port Myanmar?
On the Chinese side, CITIC Group (Myanmar) managing director Yuan Shaobin and deputy managing directors Liu Qing, Shan Liming, Ma Chuanfu and Sun Tiejun will serve as directors. In June, Deputy Commerce Minister U Aung Htoo said the two sides had reached a consensus on the company’s composition.
Who are the owners of the Myanmar industrial zone?
According to the Commerce Ministry, the CITIC consortium will own 51 percent of the industrial zone and the Myanmar government 49 percent. The construction of the industrial zone will be led by CITIC and a total of 42 private Myanmar companies under Myanmar Kyauk Phyu Special Economic Zone Holding Public Company Limited, it said.