Jan 20, 2012

Myanmar, foreign companies to implement SEZ in southwestern region

Some three Myanmar companies and four foreign ones will jointly implement a special economic zone (SEZ) project in Pathein, southwestern Ayeyawady region in 2013 in a bid to promote national economy, a local media reported Thursday.
Two companies from Thailand, one each from China's Hong Kong and Indonesia and Myanmar big companies -- Shwe Than Lwin Co.,Htoo Trading Co.and IGD will be involved in implementing the project named Myanmar Super Axis worth about 5.5 billion U.S. dollars, the 7-Day News said.
The project, covering an area of 3,037 hectares and including a deep sea-port, ecotourism and three industrial zones, represents the largest project in the region.
The project, which is expected to be completed by 2025, was granted by the Myanmar government.
Meanwhile, a special economic zone (SEZ) in Myawaddy, southeastern Kayin State, is also being planned with the cooperation of Thailand.
The economic zone also includes the Hpa-an industrial zone and more such zones will follow in Thingan Nyinaung in the same state as well as in Mon, Shan and Tanintharyi states and region.

Source: Xinhua