About MMID
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), and 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, and Mandalay International Airport total 55 kilometers.
Our Mission
To develop Myotha Industrial Park City as a world-class industrial hub that drives sustainable economic growth in central Myanmar. We aim to build lasting infrastructure, create employment opportunities, and foster an environment where businesses and communities thrive together.
Our Vision
At MMID, our vision is to redefine the future of industrial development through innovation, sustainability, and excellence. We aim to create infrastructure that not only inspires but also contributes to the well-being of communities and the environment.
MMID Corporate Value
At MMID, we believe following value shaping the company culture:
Teamwork
We unite individual strengths, value open communication, and coordinate efficiently to overcome challenges and achieve shared goals.
Excellence
We pursue excellence through practical, actionable steps, focusing on delivering high-quality solutions that bring real value and drive meaningful progress.
Community
We put our community first by prioritizing people, fostering positive connections, and ensuring our work leaves a lasting, beneficial impact.
Nature
We stand humbly before nature, prioritizing sustainable practices and striving to work in complete harmony with the environment.
Business Model
The development will be carried out over 3 main phases over a projected 15 years, with a focus on infrastructure, logistics, and warehousing in the initial years.
Infrastructure Development
Heavy investment in core infrastructure, roads, utilities, logistics facilities, and warehousing to establish the foundational backbone of MIPC.
Expansion & Activation
Roll out land sales program, begin factory leasing, and activate SMP port operations to grow investor presence and begin generating revenue streams.
Maturity & Sustainability
Full-scale operations with stable revenue from maintenance fees, service charges, and dividends shared with shareholders for long-term sustainable growth.
Revenue Streams
Revenue will be shared with shareholders via dividends to ensure the sustainable development of MMID.
The revenue streams for the MMID will be:
Land Use Rights
Sales within MIPC and SMP
Rental Income
From leasing factory spaces
Service Charges
From SMP port services
Maintenance Fee
Infrastructure upkeep fees
Challenges Of The Company
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.
Any political, economic and social turmoil could adversely affect MMID's development.
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 Myanmar banking system may restrict and limit the funding source of the project development.
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 Win Khaing became 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 area in central Myanmar dry zone, Mandalay Myotha Industrial Development Public Company (MMID) is established and completed Public Offer in 2013.