Tuesday 28 May 2013

Construction of Thilawa SEZ to begin in October

Myanmar authorities and Japanese organizations inked the agreement yesterday (May 25) to begin implementation the construction of first phase of Thilawa Special Economic Zone in Thanlyan Township of Yangon in October.


"This is the first step of Myanmar-Japan cooperation. As the first phase of the construction will be implemented on 400 hectare acres along with developing other infrastructures," the chairman Win Aung of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry.

The special economic zone will develop into two classes. The class A will include factories and industries for autos, electronic as well as residential areas with schools, hospitals and recreation centers. The other class was not mentioned.

"The government has solved the issues like removing illegal tenant and farmlands. Everything is under control and the government will provide necessary assistants to those," the deputy minister Sett Aung of the National Planning and Economic Development Ministry said.

Thilawa SEZ is one of the major three special economic zones in Myanmar. It is regarded as the most attractive SEZ and has the most potential for making business by the international investor.

source: Eleven Myanmar

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