August 3, 2020: Myanmar will implement a Special Economic Zone project in Mon State and West Yangon Industrial Park project, said Union Minister for Investment and Foreign Economic Relations Thaung Tun during a Myanmar-Japan Investment Dialogue held via video conference on July 29.
The special economic zone in Mon State, the largest in Myanmar, will connect both the Indian and Pacific Oceans, and the Thilawa SEZ to Da Nang in Vietnam via the Greater Mekong Sub-Region East-West Economic Corridor, he said, according to the Facebook page of the Ministry of Investment and Foreign Economic Relations.
Regarding the location of the new SEZ, Deputy Minister Set Aung explained how the new SEZ will be located in an area that can be easily connected to the Greater Mekong Sub-Region East-West Economic Corridor, in an area that would permit the construction of a deep-sea port and that could be easily connected to the Thilawa SEZ through the local transport networks.
The new SEZ and Thilawa SEZ could be connected as a single SEZ, he added.
To assist with location selection, an international advisory firm will also help prepare a feasibility study and master plan in a transparent manner.
State Counsellor Aung San Suu Kyi in her keynote address via a video clip highlighted the role of Japanese investment in enabling the creation of thousands of well-paid quality jobs, and that quality job creation would remain at the heart of the Myanmar Sustainable Development Plan.
Source: ELEVEN Media Group
