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 |