Myanmar Thilawa consortium considers investment in Kyaukphyu SEZ (Chairman of Myanmar Thilawa SEZ Holding, U Win Aung)20 กันยายน 2560
Yangon-Listed firm Myanmar Thilawa SEZ Holding Ltd (MTSH) may invest in Kyaukphyu SEZ, according to MTSH chair U Win Aung.
The fourth annual meeting of the MTSH, a Yangon Stock Exchange-listed (YSX-listed) company, was held at Thuwunna Stadium in Yangon on September 9, where U Win Aung spoke about the long-term plan for the company.
“Taking into account the long-term profit/ revenue of the company, we will expand our business beyond Thilawa SEZ. We are examining whether we should invest in Kyaukphyu SEZ.
“If it is a profitable enterprise, we are going to invest in it,” U Win Aung said.
Details as to the possible involvement of the MTSH in Kyaukphyu SEZ are not yet disclosed.
At the meeting, MTSH’s shareholders requested the company to clarify its objectives, especially since the firm itself was established as a consortium of local businesses in order to develop Thilawa SEZ.
The MTSH controls 41 percent of the Thilawa SEZ and the Myanmar government owns 10pc, while the Japanese government (through the Japan International Cooperation Agency), together with a Japanese private consortium, owns 49pc.
For Thilawa SEZ, U Win Aung said that 35 hectares out of 405 in zone A and 436 hectares out of 700 in zone B are used for housing and hospitality accommodation purposes for the MTSH.
Likewise, negotiations are underway with Yangon Region’s government to generate electricity from wastage, said MTSH executive director U Thein Han at the YSX Expo on September 10.
Construction of the infrastructure cover 262 hectares out of 700 hectares in zone B in Thilawa SEZ will begin in October, after the monsoon period, U Win Aung said.