Sunway Construction Group Bhd (SunCon) has ventured into Myanmar to develop major infrastructure and construction projects when their subsidiary Sunway Builders (Myanmar) Co Ltd signed a Memorandum of Understanding (MOU) with local firm Capital Construction Limited (CCL).
Capital Construction Limited (CCL) is the construction division of Capital Diamond Star Group (CDSG), one of Myanmar’s most respected and prominent conglomerates with leading businesses in food, retail, real estate development, construction, healthcare, banking, insurance and micro-finance sectors.
With the partnership, the companies plan to jointly bid for potential projects to be developed by CDSG, such as mix-used developments, offices, hotels and hospitals in Yangon and Mandalay, as well as external infrastructure projects.
The MOU marks Sunway Construction’s maiden foray into Myanmar. The strategic partnership with Capital Construction Limited is expected to not only drive the business growth for Sunway Construction Group, but also for the construction industry in Myanmar.
This collaboration will be a step forward for Capital Construction Limited and Sunway Builders (Myanmar) to reach a leading position in the Myanmar market, and also enable both construction giants to share construction knowledge and expertise in project management, to put forward the most effective strategy for project development. — Construction+ Online
