Kyaukpyu SEZ project to provide 58,000 jobs

The Kyaukpyu Special Economic Zone (SEZ) project will provide about 58,000 jobs by the end of 2016 when the first stage is expected to be completed, according to Kyaukpyu SEZ Administration Committee.

The project is divided into three stages. The first will last between 2014-2016, the second will be from 2017-2020 and the third from 2021 to 2025.

A total of about 145 hectares will be used for a harbour, housing area and the special economic zone. 30 percent of the project will be textile industries, 50 percent will be fisheries products industries and the rest will be other light industries.

A tender to choose a consultation company for the Kyaukpyu SEZ will be made before the end of November to begin operations by April next year.

The Kyaukpyu SEZ will be built near Sittaw and Simaw villages, close to Kyaukpyu and will be the main SEZ for India, China and other ASEAN business communities.

Rakhine state Electric Power and Industry Minister, Aung Than Tint said last August that the SEZ is expected to cost 90 billion Ks.

source: Eleven Myanmar

http://elevenmyanmar.com/business/4225-kyaukpyu-sez-project-to-provide-58-000-jobs