August 15, 2020
Samanea Yangon wholesale market is reported to open in November. The Samanea Yangon wholesale market is part of Phase-1 of Myanmar’s biggest trading centre project, which is implemented at the corner of Bago river street and Yadanar street in Dagon Seikkan Township, Yangon Region. So far, the construction of the Samanea Yangon wholesale market is completed 100 per cent. The shops at the wholesale market are likely to open in November. The wholesale market jointly developed by Singapore-based Samanea Group and Yangon based EI Company Limited is built on a 167-acre plot of land with the permission of Myanmar Investment Commission (MIC) and Yangon City Development Committee (YCDC).
The wholesale market includes 730 shops to be able to sell various kinds of items in a place. Each shop is 25 feet in length and 15 feet in width. The trading centre Phase-1 project contains not only the wholesale market but also warehouse, apartments and logistics enterprise.
The shops at the wholesale market will be rented only with an aim for SME businessmen to be able to invest. At present, about 90 per cent of shops have been rented already, said U Aung Myo Oo, deputy general manager of Samanea Yangon. The market has 50,000 square metres wide parking lot, which can accommodate up to over 1,000 cars. The market has also installed the CCTVs. The wholesale market authorities will also coordinate with YRTA to make YBS buses run the wholesale market route. The project for the construction of Samanea Yangon wholesale market was started to implement on 1 August 2019. The Phase-2 of the trading centre project will also be implemented very soon, according to Samanea Yangon. — Pwint Thitsar (Translated by Hay Mar)
