More than US$ 280 million had been invested at Thilawa Special Economic Zone (SEZ) this fiscal year 2017-2018

More than US$280 million has been invested in the 2017-2018 fiscal year at the Thilawa Special Economic Zone (SEZ), including promotion of existing investment, according to the Directorate of Investment and Company Administration (DICA).

“There are nine new investments until January 19 in Thilawa SEZ, and investment is US$280.29 million,” said an official from DICA who did not want to be named.

The foreign investments include three from Japan, two from Singapore and Thailand, and one from South Korea and the Netherlands.

The first phase of a 101-hectare project in Zone B of Thilawa SEZ was opened in February 24, 2017.

As the interests higher among foreign investors about Thilawa SEZ, the second phase was implemented. Since it was established in 2014, 78 companies from 16 countries have invested in Thilawa SEZ.

At present, there are 17 countries doing business in Thilawa. Japan is helping to promote infrastructure, electricity and transportation with an overseas development assistance (ODA) loan.

(Eleven Media Group: http://www.elevenmyanmar.com/business/13213 )

​