Over US$122million of foreign direct investments flowed into Thilawa Special Economic Zone (SEZ) so far in the current Fiscal Year 2017-2018, under previously permitted investments by Myanmar Investment Commission increasing.
The investors from 16 foreign countries put investments into Thilawa.Last Fiscal Year 2016-2017 saw FDI of US$262.588million. Thilawa received FDI of nearly US$ 980million, including the increased investment amount.
Out of 2,400 hectares Thilawa SEZ, 400 hectares are for Zone A, with 96 per cent completed. And, the construction of Zone B on 101 hectares is projected to commence soon and slated to complete in mid 2018. The investors who create more job opportunities, are engaged in export business, cooperate with the local industry outside zones are more likely to be prioritized to make investments in Thilawa SEZ.
The country is currently implementing three Special Economic Zones—Thilawa, Kyaukpyu and Dawei. Out of three, Thilawa is leading with its better infrastructure and successful business.
Source: Global New Light of Myanmar
