Zaw Zaw | |
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U Zaw Zaw in the MFF Women's Committee Conferences.
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Native name | ဇော်ဇော် |
Born |
Irrawaddy Division, Burma |
22 October 1966
Nationality | Burmese |
Other names | Phoe Zaw Max Zaw Zaw |
Occupation | Chairman Max Myanmar Group of Companies |
Spouse(s) | Htay Htay Khaing |
Children | One daughter and one son |
Relatives | Kan Myint (father-in-law) |
Zaw Zaw (Burmese: ဇော်ဇော်) is a Burmese business tycoon and chairman of Max Myanmar Group of Companies, a major conglomerate with former interests in gems and active interests in construction, mechanical engineering, transportation, hotel and tourism, rubber plantations, energy retail and banking industries. He also serves as the chairman of the Myanmar Football Federation. He is also an AFC Exco Member and the Chairman of AFC Organising Committee for Youth Competition.
He reportedly had close ties to key figures from the former ruling military junta, the State Peace and Development Council, including Maung Aye and Than Shwe's grandson Nay Shwe Thway Aung. Through his relationships, he is believed to have won concessions and import licenses, including most of the country's car and motorcycle import licenses, as well as import and distribution licenses for fuel.
His company won several bids to construct Naypyidaw, the country's new capital, including a stadium for the 2013 Southeast Asian Games. But his attempt to enter the Singaporean stock market as an international businessman by bidding over Aussino Group Ltd. was not successful. He is blacklisted by the United States, being one of around 200 individuals and companies that have had sanctions against doing business with them imposed, under a Specially Designated Nationals (SDN) List regulated by the U.S. Treasury. The sanctions remain in place despite Myanmar's military junta no longer being on power. Singaporean stock market regulators were concerned at this and rejected the bid in January 2013.
In the early 1990s, he lived in Japan, and returned in 1994. The following year, in 1995, he established Max Myanmar. Annual revenue of Max Myanmar Group was about US $500 million in early 2010s.
His efforts for Myanmar football as the Chairman of Myanmar Football Federation starting from 2005, were recognized by the Asean Football Federation and was instrumental in the MFF picking up the AFF Association of the Year award at the AFF Awards 2013 in the first week of April.