May 23, 2015

Myanmar firm to run Thilawa jetty

Myanmar’s Diamond Star Company has been permitted to operate an international jetty and commodity production through a build-operate-transfer system on 61 acres of land at the Thilawa port, according to Myanmar Investment Commission (MIC).

The MIC gave the firm permission to run a jetty and land development work, and the production of chemical fertilisers, flour, cooking oil, grain, sugar and packaging works.

Dr Ko Ko Gyi, one of Myanmar’s top businessmen, owns Diamond Star.

Sector A of the Thilawa Special Economic Zone, composed of eight industries, will start operating soon. Domestic firms and companies from Japan, Thailand, Singapore and Taiwan have invested in the project.

Myanmar and Japan run Thilawa through a 51:49 ownership ratio.

Source: Eleven Weekly Media