The Yangon Danyingon fruit, vegetable and flower wholesale market jointly constructed and implemented by Yangon City Development Committee and Myanmar Agro Exchange Public Limited (MAEX) will officially open on 1 January, after a soft opening on 26 December.
In the Yangon Danyingon market there are three buildings for wholesale fruit, wholesale vegetable and kitchen goods, and a ground market for farmers’ retail sales. More buildings are planned.
The market will be opened 24 hours a day starting on 1 January. The following is the excerpts of the interview with MAEX Company CEO U Aung Gyi on completion of the market project, the status of shops being opened and services provided.
Q. Let us know about the implementation of the market project.
A. The market came into being in December 2014, when the Yangon Region government invited tenders for construction of an upscale fruits, vegetable and flower wholesale market on 85 acres of land in Danyingon that includes a vegetable market. Our company submitted a tender under the name of Dagon International.
In March 2015, Yangon Region government granted permission to our company to construct the upscale market. According to the tender rules, the tender winning company is to form a public company, so Dagon International put up a 45 per cent share and formed MAEX public company. When it was formed there were 11 shareholders.
Now there are 2,274 shareholders with more than Ks22 billion shares of capital. This market is built with an aim to sell vegetables, fruits, flowers and other food products wholesale. It is the biggest market in Myanmar.
Q. What products will be sold in the market? Explain about the completion status of the market, too.
A. There’ll be eight buildings in the market. Building 1 is a fruit wholesale market. Building 2 is a vegetable, flower and kitchen product wholesale market. Building 3 is a retail market for vegetable, flower and fruit farmers.
Building 4 is a wholesale market for seasonal products. In addition to this, later, there’ll be a tender hall where tender system will be practiced. Building 5 is a two-story building where food stalls and shops will be located. Building 6 will sell ready-to-eat fish, meat, fish/prawn paste, dried fish and dried (preserved) food and it is also a two-story building. In Building 7 and 8, there will be medium-sized trading houses with cold storages, big trading houses that are two-rooms, three storey and four storey, as well as 200 trading houses. In addition to these, there’ll be a hypermarket and an eight-storey motel as well as a lubricant shop. The market is aimed toward international export and there’ll be three cold storages for packed products.
For phase-1, three buildings were completed. A soft opening was made on 26 December. The completed buildings are building 1 for fruit wholesale, building 2 for vegetable, flower and kitchen product wholesale and building 3 for retail sales of vegetable, flower and fruit farmers. Retailers of vegetable, flower and fruit can also be sold in building 3. Building 1 and 2 will each have 1,120 shops measuring 5×11 ft. and 5×13 ft. In building 3, there are 3,360 5×5 ft. and 5×8 ft. shops. A total of 5,600 shops have been completed.
Q. What is the status of shop rentals in the completed building and when will the market project be completed?
A. Of the 5,600 completed shops, 2,000 shops were set aside temporarily for shop owners in the former vegetable market, according to the agreement. The remaining shops will be rented to outsiders. 2,500 shops were already rented out to those who applied for it and these were permitted to start selling in 26 December. All the shops will be opened on 1 January 2018 and most shops are ready. The market project is expected to be completed around the end of 2019. As implementation of Phase 1.1, a seasonal products two-storey building, medium-sized trading houses with cold storages, dried and ready-to-consume market buildings are under construction. Building 4, a seasonal products wholesale market, will be completed within a month.
Q. This market is aimed for products from which regions? What are the arrangements made for the convenience of buyers from afar?
A. Foodstuff from Shan State and foodstuff known as Bama products that originate in Nay Pyi Taw, Kyaukse, Lewe, Pyi, Thekon, Hmawbi, Taikkyi and foodstuff from Ayeyawady Region will be sold. There is a modern waste collection system and a 24-hour security system. There’ll be parking spaces around the buildings so that products brought and sold can be easily discharged and loaded. There is a parking lot where more than 2,000 vehicles can park. Concrete roads are laid around and in the market. Retail farmers can
discharge their products easily right into the market so that the labour charges are reduced. Foods put on sale will be checked to ensure that it is safe for consumption. Required technical support will be provided to the producers. As there are trading houses in the market, sellers will also be able to get good prices for
their products. In the future, there’ll be cold storages and the main aim is for exporters. By doing this, our country will have more opportunity to export vegetable, fruits and foodstuff gradually.
By Zaw Gyi (Panita)
Photo: Pe Zaw