Inno City is a major mixed use development in South Okkalapa Township, Yangon, Myanmar.[1] The development includes three 30-storey and two 29-storey serviced apartment buildings, and a 13-floor business hotel, convention center, and bus terminal.[1][2] The development was built as a build-operate-transfer by South Korean Inno Group.
| Location | Yangon, Myanmar |
|---|---|
| Address | South Okkalapa Township |
| Coordinates | 16°51′16″N 96°10′03″E / 16.8545661264345°N 96.16741708323735°E |
| Status | Under construction |
| Constructed | 2016 |
| Estimated completion | 2021 |
| Website | www |
| Companies | |
| Developer | Inno Group Myanma Economic Holdings Limited |
| Technical details | |
| Size | 7.63 acres (3.09 ha) |
| Proposed | 2015 |
Myanmar Investment Commission approved the project in April 2015, and YCDC subsequently approved it in September 2015.[1] The development is a build-operate-transfer with 50-year terms.[1] Construction began in January 2016.[1]
Controversy
editThe development has courted significant controversy over its links to military-owned company Myanma Economic Holdings Limited (MEHL).[3] The controversy was sparked by a 2019 United Nations report that recommended targeted sanctions on businesses with connections to the Burmese military.[3]
In November 2020, human rights groups, including Justice for Myanmar, filed a complaint with the National Human Rights Commission of Korea and the UN Working Group on Business and Human Rights to intervene and pressure Inno Group to cut business ties with the Burmese military.[4][5]
See also
editReferences
edit- ^ a b c d e "South Korean developer builds $120m project on military-owned land". The Myanmar Times. 2016-03-02. Retrieved 2021-01-20.
- ^ "Yangon's mixed-use project due to be finished by 2020". The Myanmar Times. 2020-08-13. Retrieved 2021-01-20.
- ^ a b "New UN Study Highlights Business Links to Myanmar Military Abuses". The Diplomat. Retrieved 2021-01-20.
- ^ "'Enough is enough' - activists file complaints against South Korean companies funding Myanmar military operations". Myanmar NOW. Retrieved 2021-01-20.
- ^ Mahtani, Shibani (2016-06-10). "Myanmar Military's Vast Conglomerate Goes Public". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-01-20.