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Asia Pacific Group has:
- Concluded a prefeasibility examination for a designated area of the Project.
- Acquired over 4000++ acres of scattered land within the Project's vicinity.
- Obtained authorization from the Regional Government of Ayeyarwady Region to conduct a Detailed Feasibility Study concerning the Project areas.
In 2018, Myanmar established a Project Bank (database) and Regulations to govern projects necessitating government support, aiming to:
- Coordinate governmental departments
- Ensure complete transparency in project operations
- Bolster the capacity of inexperienced and understaffed governmental departments
- Implement suitable government assistance for projects
Asia Pacific Group is committed to realizing its vision and goals within the framework provided by the Regulations. This includes strategizing and organizing the zones and securing the role of itself and its investors as Project Developers for the three phases of the Project.
MOTIVATORS AND MISSION
Revised and newly updated regulations favoring economic development have been implemented with the assistance of expert foreign advisors.
These include laws such as the Special Economic Zone Law, Companies Law, Investment Law, Project Bank Notification, and Regulations Governing Banking and Insurance.
Myanmar is currently placing a strong emphasis on prioritizing education and training to reclaim its former prominent status, thus strengthening the workforce across all levels.
Abundant natural resources, such as oil, gas, copper, rare earth minerals, and other ores, are available in the region.
There is a noticeable increase in agricultural and aquacultural production within the region.
The project is poised to meet the rising export demand from Myanmar's neighboring countries and cater to increased internal consumption driven by a population experiencing rising affluence within a growing domestic economy.
Both export and internal distribution channels will receive substantial support through the establishment of new rail and road connections spanning Myanmar and neighboring countries.