[vc_row][vc_column][vc_column_text]
A total of 87 companies from 17 countries have invested in the Thilawa Special Economic Zone Project. Thirty-two companies have begun commercial operations there, according to a press statement issued by the President’s Office.
While Zone A of the SEZ has already attracted investments, Zone B remains under construction.
The first phase of Zone B, which includes 101 hectares of land, is estimated to be completed in mid-2018. Investors will be invited to rent plots at the end of 2017. Among the 87 companies that have already invested in the SEZ, 84 companies have been approved to begin operations, and 69 companies are in the process of building factories.
Vice President Henry Van Thio, who serves as chairperson of the Myanmar Special Economic Zone Central Committee, visited the SEZ recently and said the Thilawa SEZ project was the most successful of Myanmar’s three SEZ projects.
“Up to late July, the total value of investments by local and foreign companies [into the SEZ] reached US$1.14 billion. Necessary preparation should be made to fully distribute electricity for the extension of projects,” the vice president said.
[/vc_column_text][/vc_column][/vc_row]
