Muse Central Economic Zone at the border with China will be completed in 2017, according to a televised speech on Sunday by U Ngwe Soe, the Director of the Muse Central Economic Zone project.
The new economic zone located in the town of Muse, northern Shan State, and across the river from the Chinese border town of Ruili in Yunnan Province, is being implemented with “win-win cooperation by the Regional Development Committee of the Shan State Government and New Star Light Construction Company,” U Ngwe Soe said.
Real estate development in Muse Central Economic Zone comprises 18 estates, including jade trading facilities, markets, shops, hotels, restaurants and housing complexes.
The conceptual illustration of the completed projects depicts high-rise buildings, malls and modern residential areas. With construction well underway, the economic zone will be established on over 300 acres of land at a cost of K50 billion, according to sources.
Local authorities approved plans for the Muse Central Economic Zone in early 2013, with the development set to boost cross-border trade at the most important crossing between Myanmar and China.