January 17, 2016

Interview: Chinese investment in Myanmar's SEZ pure business: company official

The interests of Myanmar and its people will be the top consideration of the developers of two projects in Myanmar's special economic zone (SEZ) in the town of Kyaukphyu, a company official told Xinhua recently.

The China International Trust and Investment Corporation (CITIC) Construction company, together with four other Chinese companies and one Thai firm, formed a consortium and won the tender for building an industrial park and a deep sea port in the SEZ on Dec. 30, 2015.

"The investment of CITIC and our partners in Kyaukphyu was driven purely by business value," Yuan Shaobin, vice chairman of CITIC Construction, told Xinhua.

Located in Myanmar's western Rakhine state, Kyaukphyu is known for its tropical sceneries and backward infrastructure. (Courtesy of Xinhua)

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