Asia World Sees Myanmar's New Concrete Road as Catalyst and Confidence Booster for Investments Into Rakhine
2019年2月22日 - 8:00PM
JCN Newswire
The Asia World Foundation said today that a new, all-weather
54-kilometer concrete road will serve as a major confidence booster
and catalyst for direct investments in Rakhine State which today
kicked off a three-day investment fair that was inaugurated by
Myanmar's State Counsellor Daw Aung San Suu Kyi.
The Foundation of the Asia World Group, one of Myanmar's leading
conglomerates, recently completed the road connecting Angumaw to
Maungtaw in northern Rakhine State. The upgraded road is expected
to significantly boost the socio-economic conditions, security,
healthcare access and general transportation of the surrounding
community, even during the rainy season.
The road project was undertaken by the Foundation as one of the
members of the Construction and Infrastructure Task Force (CITF)
under the Union Enterprise for Humanitarian Assistance,
Resettlement, and Development in Rakhine (UEHRD).
Asia World Foundation commenced work on the road, its largest-ever
corporate social responsibility project, in late 2017 shortly after
Daw Aung San Suu Kyi issued a challenge to the country's business
leaders to help in the economic development of Rakhine.
It was completed just before the commencement of the February 21-23
investment fair held by the Rakhine State Government and Myanmar
Investment Commission (MIC), jointly organized by Japan
International Cooperation Agency (JICA) and Japan External Trade
Organization (JETRO) and supported by various companies.
The Rakhine State Investment Fair is an opportunity for the state
to showcase the region's strengths, highlight untouched investment
opportunities and cultivate relationships with local and foreign
investors who are keen to invest in Rakhine.
Farming and agriculture are the main sectors being promoted for
investment as the state has vast tracts of land. Close to 400
investors attended the fair, over half of whom are foreigners.
Mr. U Htun Myint Naing, Managing Director of Asia World Group,
commented, "This investment fair is a great opportunity to inject
vibrancy to Rakhine's economic landscape. The state has immense
resources and potential for various industries. We are encouraged
by the strong interest from the local and international business
and investment community in such opportunities in Rakhine.
"The all-weather road recently completed by Asia World Foundation
in Rakhine can serve as a catalyst for such investments. We are
confident that this new road will improve the lives of the locals
in the community and for the state," he added.
About Asia World Foundation (AWF)
Asia World Foundation (AWF) is the not for profit arm of Asia World
Company Limited. AWF is committed to supporting projects to help
develop the well being of the people of Myanmar and has been
engaged in philanthropic works for a number of years. The
Foundation has supported projects covering a broad range of areas
including education, disaster relief, healthcare and community
development.
As Myanmar has ended its isolation and opened its doors to the
world, many new opportunities have been made available to its
people. AWF has been implementing projects geared towards the
development of education as it plays a vital role in maximizing the
potential of Myanmar.
The Foundation has recently completed a 54 km concrete road that
connects Angumaw to Maungdaw in Northern Rakhine. The road will be
a catalyst for a socio-economic transformation long overdue for
Myanmar's poorest State.
For media queries, please contact the AWF Media Office at
media@asiaworldcompany.com
Source: Asia World Foundation
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