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Thitsar Ananda Ks5.7bn hospitality investment approved

12 February 2020

The Ayeyarwady Region Investment Committee has approved a Ks5.7bn ($4m) hospitality investment by Thitsar Ananda in Pathein Township, according to the Directorate of Investment and Company Administration (DICA).

The local company proposed to construct a hotel, villas and resort at Ngwe Saung Sub-township, Pathein Township in Ayeyarwady Region.

Thitsar Ananda is a small local company that registered with DICA in December 2018. Further information about the project timeline and company profile are not yet available.

There are 30 hotels in Ngwe Saung Zone, according to the Myanmar Hotelier Association.

Developers have been eyeing a series of hospitality investments in Ayeyarwady Region’s beach areas, including the following that were approved in 2019. All investments are of citizen status.

Name

Business

Value

Address

Myanmar Global Business Association

Development, sales and lease of residential buildings

Ks1,467.5m ($980,000)

Kangyi Pyin Kwin, Chaung Thar Village Tract, Shwe Thaung Yan Township

Ayeyar Winner (AW) Public

Development of bus terminal and construction, sales and lease of commercial buildings

Ks4.4bn ($3m)

No. (3) Ward, Ngwe Saung Township

Win Emerald Company

Development, sales, and lease of affordable resort housing

Ks4.5bn ($3m)

No. (3) Ward, Ngwe Saung Township

Ayeyar Winner (AW) Public Company

Development of bus terminal and construction, sales and lease of commercial buildings

Ks4438m

No. (3) Ward, Ngwe Saung Township

Happy Chaung Thar

Development of a playground and resort

Ks100m ($66,000)

Chaungtha village tract, Pathein Township

Delta Queen International

Resort development

Ks1.6bn ($1m)

Aywal Village Tract, Nyaungdon Township

Delta Queen International

Playground business

Ks1.8bn ($1.2m)

Aywal Village Tract, Nyaungdon Township

Sea & Lake

Hotel & resort

Ks4.9m ($3.2m)

Aywal Village Tract, Nyaungdon Township

Jewellery Teak Timber

Hotel service

$4m

Nga Yoke Kaung Field, Ngaputaw Township