Article – Myanmar’s special economic zone to be operational this year

by 16 April 2015

22 March 2015
Global Post

The first phase of Myanmar’s Thilawa Special Economic Zone (SEZ) project will be completed and put into commercial operation by June, an official report said on Sunday.

The Zone-A, which occupies nearly 400 hectares in southeast Yangon, has employed 1,936 people. mostly Myanmar people.

The entire facility, which is expected to complete by 2016-17, will create some 40,000 job opportunities, the report said.

The SEZ, the first of its kind in Myanmar, has been constructed by Myanmar-Japan Thilawa Development, a Myanmar-Japan joint venture, since November 2013.

A total of 21 bid-winning foreign firms from Japan, China, Thailand, Sweden, the United States and Australia have respectively signed contracts to develop the Thilawa SEZ in Thanlyin, 20 km southeast of Yangon.

Under the project, Myanmar has offered 20 sectors of economic activities for local and foreign investors for implementation.

Courtesy of the Global Post

No Comments

Comments are closed.