- Swiss Upper House Speaker paves the way for Swiss investments in Myanmar
- Myanmar spends US$300m annually for palm oil imports
- First Central Cooperatives Business Center to be opened in June
- Wood, finished-wood products export gets exemption from custom check
- Best Western group to hand over Myanmar’s Green Hill Hotel
- Criticisms hit mall’s construction near sacred pagoda
- Import cargo services to be privatized in Yangon International Airport
- Myanmar to form “trade facilitation” force
- Myanmar Microfinance Bank to be launched
- Myanmar-US Chamber of Commerce established during President’s US trip
Published on Wednesday, 28 November 2012 22:02
The construction site of the Traders Square Commericial Complex seen on November 14
(Photo - Nay Myo Tun/EMG)
About US$100 million will be invested to build the Traders Square Commercial Complex near the Traders Hotel in downtown Yangon, an official from the Hong Kong-based Shangri-La Hotels and Resorts says.
A stake driving ceremony took place on November 14 and the construction is expected to finish by 2015.
“The project also includes a parking lot for over 600 cars. Upon completion, the space problem for offices and others can be solved,” Myint Swe, Yangon Region chief minister said at the ceremony.
Traders Square Commercial Complex will have a three-deck basement for car parking. Shangri-La has plans to build more hotels in other cities such as Mandalay and Bagan. It opened the Traders Hotel in Yangon in 1996.