Myanmar’s military junta plans to develop Rakhine seaport

The meeting discussed the recent addendum to the concession agreement for the deep seaport project in Myanmar, which is a key part of the 1,700-kilometer China-Myanmar Economic Corridor. The project is a joint venture between China and Myanmar and is backed by the junta-backed Kyaukphyu SEZ Management Committee. The meeting comes after a China-brokered ceasefire between the military regime and the Brotherhood Alliance, stipulating the protection of Chinese investments and citizens in Myanmar.

Aung Naing Oo, chairman of Myanmar Special Economic Zone Central Working Committee, emphasized the need for closer coordination between ministries to ensure timely completion of tasks. He also expressed optimism about the potential of the port and SEZ to connect markets across Asia, Africa, and Europe, fostering socio-economic development in Myanmar and the broader region. These developments are happening amid ongoing conflicts, with the Arakan Army engaging regime forces in Rakhine State.

The recent meeting discussed the addendum to the concession agreement for the deep seaport project in Myanmar, which is a crucial part of the China-Myanmar Economic Corridor. The project, a joint venture between China and Myanmar, is backed by the junta-backed Kyaukphyu SEZ Management Committee. The meeting follows a China-brokered ceasefire between the military regime and the Brotherhood Alliance, ensuring the protection of Chinese investments and citizens in Myanmar. Aung Naing Oo, chairman of Myanmar Special Economic Zone Central Working Committee, stressed the need for closer coordination between ministries to ensure timely completion of tasks and expressed optimism about the potential of the port and SEZ to foster socio-economic development in Myanmar and the broader region. These developments are taking place amid ongoing conflicts, with the Arakan Army engaging regime forces in Rakhine State.

Source .