Yadanabon Cyber City is the largest information technology

Information technology

Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...

 center in Myanmar

Myanmar

Burma , officially the Republic of the Union of Myanmar , is a country in Southeast Asia. Burma is bordered by China on the northeast, Laos on the east, Thailand on the southeast, Bangladesh on the west, India on the northwest, the Bay of Bengal to the southwest, and the Andaman Sea on the south....

. The 4050-hectare (10,000-acre) ICT park is located near Pyinoolwin, about 67 km east of Mandalay

Mandalay

Mandalay is the second-largest city and the last royal capital of Burma. Located north of Yangon on the east bank of the Irrawaddy River, the city has a population of one million, and is the capital of Mandalay Region ....

. Partly operational since December 2007, tenants in the park reportedly include over 30 local and foreign investors, mostly from Asia.

History

When the ICT park was established in June 2006, the master plan called for simultaneously developing nine "zones"--the teleport building; seven single-story “incubation units”; local and international software zones; a park and convention center zone; a commercial and services zone; a research and development zone; a training centre; and a residential area. To encourage private housing, the government has offered land lease grants for 30 years, not for resale or transfer within the first ten years.

In June 2008, the military government

State Peace and Development Council

The State Peace and Development Council was the official name of the military regime of Burma , which seized power in 1988. On 30 March 2011, Senior General Than Shwe signed a decree to officially dissolve the Council....

 announced that twelve local and foreign information technology companies had been given permission to invest in the center. The Burmese companies included the semi-government-owned Myanmar Teleport and eight privately owned companies, including FISCA Enterprise, MCC and Fortune International, Htoo Trading, Myanmar World Distribution, Nibban, Tamoenyel Chantha Tun Wai Tha, Yadanabon Cyber Corporation, Jadeland Myanmar, High-Tech Princess and Myanmar Info-Tech. Foreign investors reportedly included: Shin Satellite

Shin Satellite

THAICOM Public Company Limited, was formerly known as Shin Satellite Plc , is Thailand's first satellite operator. It is a subsidiary of Shin Corporation, the biggest telecommunications conglomerate in Thailand...

 from Thailand; ZTE

ZTE

ZTE Corporation formerly Zhongxing Telecommunication Equipment Corporation is a Chinese multinational telecommunications equipment and systems company headquartered in Shenzhen, China...

 and Alcatel Shanghai Bell of China; IP Tel Sdn Bhd of Malaysia; and CBOSS

CBOSS

CBOSS Corporation is a telecom company primarily based in Russia and with offices located in Finland, Indonesia, Switzerland, UAE and Vietnam. It is a member of the Russian-Arab Business Council...

of Russia. The 12 companies agreed to invest a total of US $22 million in the Yadanabon site.

By December 2008, the Burmese government had allotted 150 hectares to 35 local and foreign IT companies.