Htoo Construction wins Union Avenue Complex Project ============================= Htoo Construction Development Group Co. Ltd. has been permitted to construct the Union Avenue Complex in Yangon, according to the sources. The complex will include a four-star hotel, a shopping mall, a serviced apartment building, and offices. The serviced apartments are intended for foreigners and will meet the international standards. They will be rent long term to the foreigners. Siam Steel International PLC will supply raw materials to construct the four-star hotel. The hotel will be operated by the Aureum Hotel Group Chain. The hotel construction will take one year and the entire project will be completed in maximum 2 and half years. Htoo Company will use construction materials from local and overseas, including those materials from Siam Steel International PLC for the construction project. Htoo Company and Siam Steel International PLC signed MoU for the project in Kawdawgyi Palace Hotel on May 10. Htoo Construction Development Group Co. Ltd., a strategic business unit of Htoo Group owned by tycoon Tay Za, is also planning to construct more condominiums, office apartments, serviced apartments and shopping malls both on private land plots and state-owned land plots in Yangon and Mandalay. Credit: elevenmyanmar
Posted on: Fri, 05 Jul 2013 08:05:11 +0000