December 23, 2015

Myanmar accelerating SEZ development

Myanmar president U Thein Sein has urged the special economic zone (SEZ) working body to speed up the tender process or implementation of some key SEZs during the present term of the government, official media reported on Tuesday.


The term is set to expire on 30 March.

SEZ projects are important in terms of connectivity not only for Myanmar but also for the Asean region as they are strategically located on international routes in coastal regions, Xinhua cited U Thein Sein, who is also chairman of the central working body, telling consulting firms, preferred bidders and officials concerned.

The president referred to the country's three SEZ projects -- the Kyaukphyu in Rakhine state which is under the tendering process, the Thilawa SEZ in Yangon region and Dawei SEZ in Tanintharyi region.

The Thilawa SEZ attracts Japanese investors, while the Dawei SEZ was implemented by Thai investors.

A total of 48 foreign companies have invested $500 million in the Thilawa SEZ, which the report described as the most successful one in Myanmar.

The initial project for the Dawei SEZ was being carried out by Roland Berger, a global strategy consulting firm headquartered in Munich, Germany, the report said. (Courtesy of en.prothom-alo.com)

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