Inflows of Foreign Direct Investment (FDI) into Thilawa Special Economic Zone (SEZ) reached over USD $ 1.6 billion till April 2019

Till April this year, Thilawa Special Economic Zone Project received an inflow of foreign investments worth over 1.6 billion US dollars, said Yangon Region Chief Minister Phyo Min Thein, at Yangon Investment Forum.

Investors are always keeping an eye on Thilawa SEZ as it is located near the commercial city, Yangon. Myanmar plans to develop three Special Economic Zone Projects—Thilawa SEZ, Kyaukphyu SEZ and Dawei SEZ.

With the expectations of the time when there will be the massive inflows of FDI into the Thilawa SEZ, Myanmar Thilawa SEZ Holdings Public Ltd (MTSH) plans to implement the phase-3 of Zone-B project.

Win Aung, the Chair of the MTSH said: “Zone-B will cover 700 hectors. The first phase of Zone-B has been developed. The second phase is under implementation.”

Myanmar Thilawa SEZ Holdings Public Ltd (MTSH) comprising nine public companies is formed in accordance with the Myanmar Companies Act.

Like other companies, the MTSH faced challenges in 2017-2018 FY. Myanmar’s economy did not develop as expected even though Myanmar was in a position to see the fastest growing economy, Win Aung added.

(Eleven Media Group: https://elevenmyanmar.com/news/fdi-inflows-into-thilawa-sez-hit-over-16-billion-usd )

​