Page 4 - Amata-one-report2020-en
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Smart City Development Highlight
AMATA SMART CITY Development progress is as follows:
1. Progress of Yangon Amata Smart and Eco City Project
January 24, 2020
Amata Asia (Myanmar) Limited, 100% Company’s
subsidiary, entered into the Joint Venture
Agreement with Department of Urban and
Housing Development, Union Ministry of
Construction, Republic of the Union of Myanmar
(“DUHD”). In this regard, DUHD will hold 20% of
totaling shares of Yangon Amata Smart and Eco
City Limited (YASEC) and Amata Asia (Myanmar)
Limited will hold 80% of totaling shares YASEC.
December 27, 2020
Ground breaking Ceremony of Yangon Amata Smart and Eco City,
Republic of the Union of Myanmar.
