Mar 23, 2015

Work to begin on big Myanmar industrial park

Construction of a large industrial park near the Thai border in the southeastern part of Myanmar is expected to shift into full gear by the end of the year. But where the money will come from to finish the massive project remains a question mark. The Dawei special economic zone, being planned by the governments of Myanmar and Thailand, will be one of Southeast Asia's largest industrial parks at about 200 sq km. Thai construction giant Italian-Thai Development and other companies will be involved in the first phase. The Dawei zone has drawn attention as a promising investment destination for Thai companies in labour-intensive industries, which face rising labour costs at home. The zone is also seen as a possible future hub for the energy industry. Dawei is a port city along the Indian Ocean and boasts a flourishing fishing industry. - See more at: