Investment in Myanmar's Thilawa SEZ reaches 760 mln USD

By：Xinhua Update：2016-07-19

YANGON, July 18 -- Total investment in Myanmar's Thilawa Special Economic Zone (SEZ) reached about 760 million U.S. dollars, according to an announcement of Myanmar Japan Thilawa Development Limited (MJTD) Monday, which is a joint venture between Myanmar and Japan.

Entrepreneurs' interest in the SEZ has been increasing since the new government took office with 73 local and foreign investors having been engaged in Thilawa SEZ at present.

The investment mostly deals with manufacturing of garments, bottles, construction materials, food, steel, fertilizer, auto parts, agricultural machines, medicines and medical equipment.

The Thilawa SEZ is the first special economic zone developed in Myanmar, while development of the other two, Dawei and Kyaukphyu SEZs, are underway.

The zone is located on a 2400-hectare land on the outskirts of Yangon.

The 396-hectare first phase of Zone A in the SEZ was partially launched in September, 2015.