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China & Myanmar sign deep sea port agreement

Myanmar and China’s CITIC Group on Thursday (Nov. 8) signed a framework agreement on the Kyauk Phyu Special Economic Zone (SEZ) Deep-Sea Port Project.

The framework agreement was signed by Myanmar’s Deputy Minister of Planning and Finance and Chairperson of the Management Committee of the Kyaukphyu SEZ U Set Aung and President of CITIC Group Chang Zhenming.

Chinese Ambassador to Myanmar Hong Liang, who witnessed the signing ceremony, said the Kyauk Phyu SEZ is important for Myanmar’s economic development and its stabilization.

Read more on Xinhua.

Source: Xinhua

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