About MMID

Our Vision

  • To be the model industrial park development and river port facility in Myanmar.
  • To provide an optimum environment for healthy living, working, quality of life and investment

Our Mission

  • To generate employment opportunities and help to alleviate poverty in Mandalay Region.
  • To create and maintain  an effective, pro-business and service-oriented investment environment for Local and Foreign

MMID Corporate Value

At MMID, we believe following value shaping the company culture:
  • Team work with cooperation and coordination spirit
  • Pursue excellence in practical way
  • Put community first
  • Standing humbly before nature

MMID Intro

MMID intro

Mandalay Myotha Industrial Development Public Co., Ltd (MMID) was incorporated under the Myanmar Companies Act on 27 February 2013 as a Public Company Limited by Shares.

MMID is the Developer for Mandalay Myotha Industrial Park City (MIPC) project, AyawaddySemeikhon Port(SMP), Air-Port Link Road project in Mandalay Region. MIPC project is a Joint-Development project between Mandalay Region Government(MRG) and MMID, which is a large scale mixed-used industrial park city covering 11,404 acres. SMP project is an inland river port development, 11 miles from MIPC which covers 380 acres with 1.5 Km of shoreline. Air-Port Link Road project is the newly open express connecting MIPC, SMP, Mandalay International Airport total 55 kilometers.

Business Model

The key revenues treams for the MMID will be the sales of Land Use Rights within the MIP and the rental income from leasing the port to an established operator. The development will be carried out over 3 main phases, over a projected 15years. While the focus during the initial years is on investment in infrastructure and logistics and warehousing  facilities, significant revenue can be expected once the Company rolls out its land sales program.

Challenge Of The Company

  • COVID-19 Global pandemic

Global economic is affected severely by the Corona Virus since early 2020, estimated foreign investment is delay, and new investment is postponed due to new restriction of COVID-19 precaution.

  • MMID is dependent on the political, economic and social conditions of Myanmar

Any political, economic and social turmoil could adversely affect MMID’s development.

  • MMID’s industrial park and river port may be subject to intense competition

With the opening up of Myanmar’s economy, MMID may face direct competition from both local and foreign companies which may establish new industrial parks and river ports in central Myanmar. Industrial zones in other parts of Myanmar may also attract potential customers away from MMID.

  • The turmoil of Myanmar financing system

The Myanmar banking system may restrict and limit the funding source of the project development.

  • Corresponding with surrounding communities of MIPC

MMID emphasizes the social connection with communities, the cooperation and communication with surrounding villages is the key of project development.

Group Affiliation

MMID is part of the Royal Hi Tech Group (“RHGC”) founded by U Aung Win Khaing. RHGC started as a Shan tea merchant and subsequently expanded into cement manufacturing, wood processing, steel fabrication, construction and recently, industrial development.

 

In 1989, U Aung Win Khaing founded Hi-Tech Company and started exporting value-added timber products. In 1994, Mandalay Cement Industrial Co., Ltd(MCICL) is set up as Myanmar’s first private-owned cement factory and at the same year Royal Hi-Tech Group(RHGC) is founded as mother company of all subsidiaries. In 2005, U Aung W in Khaingbecame the Board of Directors’ Chairman of Mandalay Royal Industrial Co., Ltd (MRIC) for steel fabrication.

With the guidance of Mandalay Region Government to improve the social economic status of the poorly developed areain central Myanmardry zone, Mandalay Myotha Industrial Development Public Company (MMID) is established and completed Public Offer in 2013.

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    ADDRESS

    63739 street lorem ipsum City, Country

    PHONE

    +12 (0) 345 678 9

    EMAIL

    info@company.com