Manufacturing sector absorbed more foreign investments in Thilawa SEZ

Foreign direct investments in Thilawa SEZ primarily flowed into manufacturing sectors which accounts for 73 per cent of total FDI in the zone.

At present, FDI in Thilawa SEZ reached more than US$1.14 billion so far. Manufacturing sector in Thilawa SEZ absorbed investments of about US$843 million in 62 enterprises. Trading sector attracted investments of $101 million. The investments were $77 million into logistics, over $81 million into service sector, over $30 million into real estate sector and over $12 milllion into hotel sector.

Japan invested the highest in Thilawa SEZ, followed by Thailand.

Out of 2,400 hectare areas of land in Thilawa SEZ, 400 hectares are for Zone A which is totally developed. And, the construction of Zone B on 101 hectares of areas is slated to complete in mid 2018. Some plots of land in Zone B will be leased to the investors in late 2017.

Upon the completion of Thilawa SEZ, about 150 foreign companies are expected to invest in the zone. Thilawa Zone A is expected to constitute five per cent of export, with export values of $600 million a year.

The country is currently implementing three Special Economic Zones_ Thilawa, Kyaukpyu and Dawei. Out of the three, Thilawa is leading with its better infrastructure and successful business.

Source: The Global New Light of Myanmar