Meet Win Aung, Businessman and chairman of UMFCCI  

Dagon Win Aung is a businessman and chairman of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

He founded Dagon International, a construction company, in the 1990s, with Win Thein, a Myanmar Army captain.

 He has since extended his business domain to the lumber exchange, development and import-send out sectors. Following Typhoon Nargis in 2008, his organization was granted with government contracts for different remaking projects in the Irrawaddy delta.

Myanmar tycoon Win Aung is open to foreign investment in the listed industrial-estate provider, following Ayala Corp's. tie up with a firm exchanged on the country's fledgling stock exchange.

In a meeting in Yangon, Win Aung said a stake deal is an alternative as he intends to extend Myanmar Thilawa SEZ Possessions Pcl, which works an assembling zone where 109 firms have opened processing plants or plan to do as such. 

"We'll require more capital and innovation," Win Aung, the association's director, said Thursday. "Definite plans will be uncovered later after the specialists authoritatively permit outsider cooperation on the Yangon Stock Trade." 

Myanmar is attempting to grow a hindered bourse that presently has only five stocks by permitting abroad acquisition of homegrown values from 2020. The Philippines' most established combination Ayala is putting resources into one of those five - First Myanmar Venture Pcl - by means of a $82.5 million convertible advance that will turn into a 20% shareholding when rules license. 

The four-year-old Thilawa exceptional financial zone is seen by some as the biggest in Myanmar. Japanese, Thai and Malaysian firms represent the heft of the manufacturing plants situated there, as per Win Aung. 

Myanmar's business local area desires to profit by the U.S.- China exchange battle by attracting producers escaping levies. Win Aung said the strain still couldn't seem to affect Thilawa altogether. 

"Yet, Myanmar is in a decent situation to profit by the exchange war," he said. "It's truly significant that the public authority fixes the arrangements on the best way to pull in possible financial backers." 

Understand More: Myanmar's Way to Exchange War Acquires Impeded by $120 Billion Opening 

Win Aung is additionally the organizer and executive of aggregate Dagon Gathering. He was on the U.S. government's rundown of "uncommonly assigned nationals" until 2015, under an authorizations program that focused people and substances when the nation was controlled by a military junta.