Socio-Economic Master Plan
We are proud to release the summary of our Socio-Economic Master Plan (SEMP) for the New Yangon City. The aim of the SEMP is to serve as a guide for the next phases of development and administration. The summary report can be downloaded here :
New Yangon City to be Built on Land West of the Yangon River
Yangon, Myanmar, 31 March 2018 – H.E. U Phyo Min Thein, Chief Minister of Yangon Regional Government, today announced the launch of New Yangon Development Company Ltd. (“NYDC”). The objective of NYDC is to create economic growth, homes and jobs via the development of land to the west of Yangon River. This development will be known as the New Yangon City and upon its ultimate completion will cover an area twice the size of Singapore.
The NYDC Challenge
NYDC has adopted the global model of the Swiss Challenge which is a model that allows fair competition and ensures ultimate transparency.
The New Yangon Development Company Limited (NYDC) is an entity incorporated under the Special Companies Act and was established to undertake the development of the New Yangon City.
NYDC is 100% owned by the Yangon Regional Government and tasked to develop 20,000 acres of land west of central Yangon across from Kyeemyindaing as a Phase I into an urban industrial district that will initiate creation of 2 million jobs.
The vision of New Yangon City is to be a safe, smart and clean city that will serve as an example of efficiency, integrity and accountability.