Framework Agreement on Kyauk Phyu SEZ Deep—Sea Port Project

Myanmar and Chinas CITIC Group signed a framework agreement on the Kyauk Phyu Special Economic Zone （SEZ） Deep-Sea Port Project in Nay Pyi Taw， Myanmar， on November 8.

The agreement was signed by Myanmars 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， declared that the Kyauk Phyu SEZ is important for Myanmars economic development and stabilization.

The Kyauk Phyu SEZ is part of the China-Myanmar Economic Corridor. The project will benefit the people of Myanmar and promote the China-Myanmar paukphaw （fraternal） friendship， said the Chinese ambassador.

U Set Aung， who also attended the signing ceremony， remarked that the deep-sea port project is an important project for regional connectivity.