PROJECT

Projects

Summary of Investment Information

Project Number

37848

Company Name

UNITED INTERNATIONAL GROUP LIMITED

Date SPI Disclosed

Sep 7, 2016

Country

Myanmar

Region

East Asia and the Pacific

Projected Board Date

Oct 14, 2016

Environmental Category

B - Limited

Status

Active

Last Updated Date

Apr 22, 2017

Department

Regional Industry - MAS Asia & Pac

Industry

Tourism, Retail and Property

Previous Events

Approved : Oct 13, 2016
Signed : Oct 22, 2016
Invested : Apr 20, 2017

Sector

Resort Hotel (Including Lodges)

Project Description

United International Group Limited (the “Company”) is expanding its existing operation in Myanmar through the construction of (i) a new 144-room hotel in Bagan; and (ii) a new 110-room hotel and 20 villas in Nyaungshwe Township (together, the “Project”). The Project will be undertaken in 2 phases: Phase I comprises of 72 rooms in Bagan, 55 rooms and 20 villas in Nyaungshwe Township, and shared facilities such as lobby, restaurant, etc. in both hotels; while Phase II comprises of 72 rooms in Bagan and 55 rooms in Nyaungshwe Township.

The Company currently owns and operates the following hotels in Myanmar: (i) the 92-room Amata Ngapali Beach Resort in Thandwe; (ii) the 76-room Amata Garden Resort in Nyaungshwe Township; and (ii) the 31-room Amata Boutique House in Bagan.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation