Myanmar Thilawa SEZ Holding Public Company (MTSH) is keeping eye on Special Economic Zones with the view to investments

Myanmar Thilawa SEZ Holdings Public Company (MTSH) is watching events carefully before making some important investment decisions. In particular, it is keeping an eye on the discussions regarding Kyaukpyu Special Economic Zone and Deep Sea Port in the troubled Rakhine State, as well as those regarding Myitkyina Economic Development Zone in Kachin State.

Ko Myo Myint Aung, the Head of Finance for MTSH, said: “The Kyaukpyu Special Economic Zone project is under negotiations between officials from Myanmar and China. We will decide where to make investments in the economic zone based on the results of the negotiations.”

The Myanmar Government and China’s CITI Consortium are working together to implement the Kyaukpyu Special Economic Zone and Deep Sea Port project. Meanwhile, the Kachin State government and the Yunnan Tengchong Heng Yong Investment Company (YTHIC) signed a memorandum of understanding (MOU) in May 2018 to develop the Myitkyina Economic Development Zone.

Because the Myitkyina Economic Zone is located close to the China-Myanmar border, MTSH believes that may have good investment potential for border trade, according to the CEO of MTSH, U Kyaw Zin Wai.

“Now Myitkyina Economic Development Zone is creating a business plan,” MTSH Head of Finance Ko Myo Myint Aung added. “For our part, we have signed a framework agreement. When the business plan comes out, we will look at it to calculate the amount of investment we need to make, and what the potential for returns on our investments will be. After that, we will present our calculations to the Board of Directors for approval.”

MTSH is the developer of Thilawa Special Economic Zone, which has three sections, labeled A, B, and C. It has already sold 90 percent of the land in Zone A; Zone C is not complete yet. In Zone B, work is to be carried out in three distinct phases, and the job is proceeding well: 81 percent of work on phase one is complete, as is 42 percent of phase 2, and 65 percent of phase 3.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/mtsh-keeping-eye-special-economic-zones-view-investments )

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