Myanmar plans to set up its first data center with a Japanese firm, Hitachi, by April 2014 in the country's commerical hub Yangon.
Construction has not yet begun but the plan will be put into action soon, said the Myanmar Information and Communication Technology Development Company (MICTDC), in a report on Wednesday by Eleven Media.
"It will be built in 'Phase 1' compound of the park at an estimated cost of US$10 to US$15 [million]," said Khun Oo, a top-ranking official from MICTDC, in the article.
The country is also set to establish a new stock exchange by 2015, as part of plans to develop its IT sector, according to Reuters. This will be done with the help of the Tokyo Stock Exchange and Japan's Daiwa Institute of Research which signed a memorandum of understanding (MoU) with Myanmar's central bank last week.
"We are now making necessary preparations for the exchange and a plan has been already prepared for it since 2007. The exchange is currently being mapped out according to the conditions of the regions and states," said central bank chairman Than Nyein, in a separate report on Wednesday by Eleven Media.
Japanese firms have also been active in aiding Myanmar to build other infrastructure.
Last month, Sumitomo, NEC, and NTT signed a deal to build an optical fiber network to link up the country's three major cities: Yangon, Mandalay and the capital Naypyitaw. The network will be able to transmit data at 30 gigabit per second, and provide services such as long-term evolution (LTE) high-speed wireless communications, fixed-line phone, and Internet connections.
Currently 11 corsortia are left in the running in a tender for two additional telco licenses for foreign operators, as part of Myanmar's push to improve its mobile phone and Internet penetration. It's estimated up to 7 percent of the population now use mobile phones, while Internet penetration is over 1 percent.
Update: According to feedback received by ZDNet, the source may instead be referring to the milestone of it being the first government-run data center, as other data centers are already present in Myanmar.