OREANDA-NEWS. Mitsui & Co., Ltd. entered into a memorandum of understanding ("MOU") with Yangon City Development Committee ("YCDC"), Bureau of Waterworks, Tokyo Metropolitan Government, Tokyo Suido Services Co., Ltd. ("TSS") and Toyo Engineering Corporation ("TOYO") in Yangon city. The MOU sets forth the content and scope of collaboration and discussion among the parties regarding water supply projects in Yangon.

Through this MOU, Mitsui, together with TOKYO, TSS and TOYO, will improve water supply facilities and cultivate human resources by mobilizing their expertise and technology under the private-public initiative. Mitsui will also continue to support development of Myanmar by way of improvement of social and industrial infrastructure, including the water supply sector.

Mitsui has been engaged in the development of Myanmar for many years and aims to further expand its activities. Besides the water sector, we have recently supported infrastructure projects such as a power distribution system and also continue to support the agriculture sector by enhancing export of rice from Myanmar, while Mitsui's subsidiary Mitsui Oil Exploration Co., Ltd. is involved in oil and gas exploration.