Tanintharyi Region poised more development in the region in line with the ASEAN economic Community Blueprint 2025

The southern Tanintharyi Region has received 44 foreign direct investments worth over $2.3 billion in the three decades from 1988 to October 2019, according to remarks by Vice President U Myint Swe at a December 7 Investment Forum in Myeik City.

The region has also received 71 investments in energy, hotel and tourism, housing development and agriculture worth a total of $233.96 million (K282.326 billion) from local investors.

As Myanmar’s southernmost gateway to the greater Mekong sub-region, Tanintharyi plays a critical role in the Southern Economic Corridor (SEC).

U Myint Swe said that the implementation of the Dawei Special Economic Zone will contribute to the development of the region, and in carrying out the broader development activities the government is taking examples from countries that have successfully developed their own coastal areas.

With the development of a deep-sea port and industrial zone, Tanintharyi will grow in importance as a juncture between the greater Mekong sub-region and other markets including the Middle East and India.

As part of the Dawei SEZ project, a 138-k.m., two-lane road, will be built next year connecting the SEZ and the Thai-Myanmar border and helping to streamline trade flows between the two countries.

Tanintharyi Region has natural pearl production, pearl farming, seafood, rubber and palm oil plantation, bird’s nest production and mining. Its beautiful beaches and islands also make it ripe for nature-based tourism.

Developing the region will help Myanmar integrate better with other regional economies in line with the ASEAN Economic Community Blueprint 2025.

(Myanmar Business Today: https://mmbiztoday.com/tanintharyi-region-poised-for-more-development/ )

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