The Myanmar government's Privatization Commission announced on Friday auctioning of 110 more state economic enterprises as a continuous move beginning this year under its privatization plan laid down 15 years ago.

The auction includes a large number of buildings, textile, consumers goods, electronic and electrical goods producing factories, warehouses and cinemas respectively owned by 11 ministries and government departments.

Among them, 35 are owned by the Ministry of Industry-1, 21 each by the Ministry of Commerce and the Ministry of Cooperatives and 11 by the Ministry of Information.

Located across the country, these state enterprises to be sold out are scattered mainly in Yangon, Mandalay, Ayeyawaddy and Bago divisions and Rakhine state.

Closing date for the auction is set for Feb. 26 this year.

In December last year, Myanmar also announced auction of 137 more nationalized buildings and land plots in 10 cities of the country, according to the Administration Committee for Nationalized Properties.

Most of the buildings and plots to be sold out are from Yangon and Mandalay, while the rest are from Bago, Pyay, Tachilek, Pyin Oo Lwin, Meiktila, Lashio, Twantay and Taungtwingyithe auction.

According to the government's privatization commission, Myanmar has so far privatized a total of 260 state-owned buildings, workshops and land plots from the Ministry of Cooperatives and Ministry of Commerce during 2009 as part of its privatization program.

In June 2007, the government formed another committee for auctioning some state-owned buildings remained in the former capital of Yangon after the administration was moved to the new capital of Nay Pyi Taw in 2005.

The privatization plan, covering those enterprises nationalized in the 1960s, was introduced in a bid to systematically turn them into more effective enterprises, said the commission.

The plan is carried out by auctioning and leasing or establishing joint ventures with local and foreign investors.