The end of 2015 saw a series of major announcements and decisions regarding Myanmar’s latest special economic zone (SEZ) in Kyaukphyu township of Rakhine State. In late December, Myanmar’s government approved the demarcation of land for the SEZ and awarded tenders to develop the SEZ to a CITIC Group-led consortium.
The Kyaukphyu SEZ is a key part of Myanmar’s drive to attract foreign direct investment. It is one of three such zones set up since the military-backed USDP took over power from the Tatmadaw military junta via elections in 2011. Kyaukphyu’s SEZ includes three projects: a deep-sea port, an industrial park, and a housing project. (Courtesy of Mizzima)
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