Metro Myanmar (IFC-40001)

  • Myanmar
Where the impacts of the investment may be experienced.
Specific Location
Thilawa Special Economic Zone and nearby areas
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 3, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 16, 2019

Disclosed by Bank Aug 30, 2018

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Project Description

According to the bank document, IFC is considering an A loan to Metro Myanmar to partly finance its 3-year capex plan comprising of a central warehouse in Yangon and a delivery infrastructure, which would include future satellite warehouses and cross-docking platforms across Myanmar (the “project”). 

Metro Myanmar’s central warehouse is currently under construction at Thilawa Special Economic Zone (“Thilawa SEZ”), and the satellite warehouses and docking platforms will be developed in the future. These will be industrial warehouse facilities and not the traditional retail stores. The central warehouse in Yangon will also have a small processing section for ultra-fresh items. The warehouse management and delivery services will be outsourced to a third-party logistics service provider company (“LSPC”).

Early Warning System Project Analysis



Investment Description
  • International Finance Corporation (IFC)

The Project, which is estimated to cost US$40 million, consists mainly of a central warehouse in Yangon and future satellite warehouses and cross-docking platforms across Myanmar. 

It is proposed an IFC loan of approximately US$ 25 million to fund the Project.   

Private Actors
Private Actors Description

Metro AG (“Metro” or the “sponsor” - is a global diversified retail and wholesale/cash and carry group. Headquartered in Düsseldorf, it operates about 760 wholesale stores in 25 countries and more than 280 hypermarkets throughout Germany. Metro had more than 137,000 employees in 2016-17.

Yoma Strategic Holdings Ltd., (‘Yoma’) a Myanmar based conglomerate listed in Singapore and also an existing IFC client is a minority shareholder in the Company holding 15% stake.    

METRO Wholesale Myanmar Ltd (MWML), which was incorporated in 2017, is headquartered in Yangon with its central warehouse currently under construction at the Thilawa Special Economic Zone near Yangon. It plans to also have satellite warehouses and cross-docking platforms in other cities. MWML is the local subsidiary of Metro AG, Germany (‘Metro’ or the ‘Sponsor’), a leading global retailer specializing in cash & carry food retail and holding 85% stake in the Company. 

Contact Information

1/ The Project Contact

METRO Wholesale Myanmar Ltd 
Name: Ms. Tipayarat Kaewsingarm 
Title: Director 

Address: Thanlyin 11291, Yangon, Myanmar 

2/ The IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

3/ Project Documentation

Contact Person:  Ms. Tipayarat Kaewsingarm, Director

Company Name:  METRO Wholesale Myanmar Ltd

Address:   Wing-B, Ground Floor, Building-A3

Star City, Kyaik Khauk Pagoda Road 

Thanlyin 11291, Yangon, Myanmar



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