More than 150 foreign companies have invested over 1.8 billion USD in Thilawa Special Economic Zone and infrastructure for Zone B is expected to be completed by mid 2018

Investment into Thila­wa Special Economic Zone has toppled $1.8 billion from over 150 foreign companies, an­nounced the Myanmar Investment Commission.

Zone A, which was launched at the start of the 2014-2015 fiscal year, is 400 hectares and at 98 percent occupied. It is also the only functioning area of Thilawa Special Economic Zone’s planned 2,400-hectare facility.

Japanese companies have invested $468 mil­lion in the Thilawa SEZ making Japan the nation leading investment at 43.5 percent of total for­eign investment, followed by Thailand at $134 mil­lion.

“By sector, investment in industry and manu­facturing leads the pack at $773 million, or 71 per cent, of total investment,” U Than Aung Kyaw, Dep­uty Director General of Directorate of Company Investment and Adminis­tration, said.

Although special eco­nomic zones are not man­aged by the MIC, they are responsible for oversee­ing investments approval and imposing certain reg­ulations.

The next swath of land being developed, the infrastructure for the 700-hectare Zone B plot, is expected to be finalized by the mid-2018, report­ed Eleven Media.

According to statistics from Myanmar Japan Thilawa Development Limited, there is over $120 million invested in export and import, $70 million in logistics, $50 million in services, and $30 million in property.

In May, the Osaka Chamber of Commerce and Industry and the Union Federation of Myanmar Chamber of Commerce and Industry signed a memorandum of understanding (MoU) to establish a small factory rental space occupying a 500 to 750 square meter plot in Zone B.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/thilawa-sez-investment-keeping-pace-construction )

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