Yatai City

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Yatai City ရွှေကုက္ကိုမြိုင် Shwe Kokko Valley
City
Yatai New City for Intelligent Industries
Yatai City
Coordinates: 16°49′N 98°32′E / 16.817°N 98.533°E / 16.817; 98.533
Country	Myanmar
state	Kayin
City	Shwe Kokko Valley City
Founded by	Mr.She Zhi Jiang
Government
• Governor (United States)	U Saw Myint Oo
• Mayor	U Saw Than Shwe
Area
• Urban	120 km2 (50 sq mi)
Elevation	638 m (2,093 ft)
Population
• Religion	Buddhism、Christianity
Time zone	UTC+6:30 (Myanmar time)
Area code	+95
Website	https://www.yatai.vip/

Yatai City,^[1] also known as Yatai New City for Intelligent Industries, or simply Yatai New City or Yatai City ,^[2] is strategically situated in the Shwe Kokko Valley of Kayin State in eastern Myanmar.^[3] This modern city, a joint venture between the Kayin State Border Guard Force (BGF) and Hong Kong's Yatai International Holdings Group,^[4] boasts a market capitalization of US$23 billion (Dec. 2023).^[5]

On 10 August 2022, Mr.She Zhi Jiang the main person in charge of Yatai City was apprehended in Thailand under circumstances yet to be officially verified^{[6] [7]}.

Transport[edit]

Sea transport[edit]

Located 133 kilometers from Mawlamyine Port, the second largest port in Myanmar, goods from countries entering Yatai City are transported to India, the Middle East and Europe via the Indian Ocean.

Land transport[edit]

Close to a large land port in Southeast Asia, connected to the Kunman International Highway, the India–Myanmar–Thailand  Trilateral  Highway and the Southeast Asian Horizontal Economic Corridor, located at the intersection of the Thailand-Myanmar line of the Trans-Asian Railway, which used to be the intersection of China's "One Belt, One Road" economic corridor.^{[8][9][10][11][12][13]}

Air transport[edit]

10.5 kilometers (20 minutes by road) from Maesot International Airport of Thailand, one of the three major airports on the Thai border, with direct international flights to and from mainland China (Chengdu, Guangzhou, Hainan), Yangon, Myanmar and Manila, Philippines.

Development history[edit]

On 1 December 2016, an agreement was signed with the Myanmar government for joint planning and construction of the "Myanmar Yatai New City for Intelligent Industries ", or "Yatai City", with investment from Yatai International Holdings Group.

In 2018, Yatai International Group invested US$3.5 billion in infrastructure construction on wasteland in the Shwe Kokko Valley, a key "test-bed" project for Myanmar's innovation and liberalization. On 30 July of the same year, Yatai International Holdings Group officially obtained the MIC Investment Certification for Myanmar. On 1 November, a short documentary (14 minutes and 26 seconds long) on the construction of Yatai City was released on the Nasdaq screen at Times Square in New York City.

In 2019, the construction of the infrastructure of Yatai City accelerated, with the completion of the construction of water, electricity, roads and networks in the initial phase and the basic formation of the city's prototype. Xi'an Construction Engineering, China Housing Group, China Railway Bureau 20, and China Metallurgical Group, four Chinese national enterprises and 17 Chinese national private enterprises have entered into Yatai City to invest and construct the city. On 25 June of the same year, Yatai International Holdings Group signed a contract with Thai Intelligent Airlines to complete the construction of the Yatai airport by 2030.

In 2020, during the outbreak of the Corona Virus Disease (COVID-19), Yatai City took measures to prevent the epidemic and provided assistance to the surrounding Burmese residents to prevent the epidemic, which effectively controlled the epidemic in Yatai City and the surrounding area.^{[14][15][16][17]} In November of the same year, 19 corporate investment projects were completed.

On 14 September 2021, the government of Myanmar issued an official document to upgrade the Shwe Kokko Valley to the administrative level of a municipal city.

In 2022, the urban pattern of Yatai City was formed: land transport network, modernized communication facilities, green living environment, diversified entertainment and stable social security. Infrastructure, engineering, property development, hotels and restaurants, wholesale and retail, logistics and transport, and agricultural projects have taken shape.

References[edit]