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SKorea's Hyundai, Singapore's Sinma



Subject: SKorea's Hyundai, Singapore's Sinmardev link up for Burma project

SKorea's Hyundai, Singapore's Sinmardev link up for Burma project

SEOUL, May 2  - South Korea's Hyundai Corp. said Friday it had formed a 
consortium with Singapore real estate company Sinmardev International Pte Ltd. 
to build an international industrial complex in Burma.

The Korean company said construction had already begun on the 300 million 
dollar project which includes port development, 18 kilometers (12 miles) 
southeast of Rangoon, and was expected to be completed by 2000.

Hyundai did not detail the amount of its investment in the project, which it 
said is backed by Burma's housing ministry.

AFP