Thilawa Special Economic Zone has received 108 foreign companies from 19 different countries

Thilawa Special Economic Zone, located on the outskirts of Yangon and regarded as the most successful economic zone in Myanmar, has received 108 foreign companies from 19 different countries, according to the Special Economic Zones Central Committee.

Countries who have made the greatest investment in Thilawa SEZ are Japan, Singapore, Thailand and Hong Kong. These countries stand at the top in terms of investment volume.

“Given its strategic location, this special economic zone offers great opportunities and investments allowing it to grow gradually,” said Dr. Than Myint, President of the committee.

The total investment in the zone has topped $1.6 billion so far from the time it opened. In this 2018-2019 fiscal year, it has received over $20 million in investments, according to the Directorate of Investment and Company Administration-DICA.

“Thilawa SEZ is receiving investments continuously. Now, Toyota is planning to submit a proposal to operate in Thilawa,” said U Thant Sin Maung, Deputy Director of DICA, “these investments will increase the overall amount of investments.”

Thilawa Special Economic Zone, which became commercially operational in September 2015, is the first special economic zone in Myanmar. It also offers both hard and soft infrastructure from roads and utilities to services such as maintenance.

Seeing the success in Thilawa, the government of Myanmar started to develop other special economic zones such as Kyaukphyu special economic zone and Dawei Special Economic Zone, both of which have deep seaport projects.

 (Myanmar Business Today: https://www.mmbiztoday.com/articles/thilawa-sez-receives-108-foreign-investments)

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