Nay Pyi Taw, 12 July

Thilawa SEZ is the first International standard SEZ of Myanmar and is developed by a Myanmar-Japan joint venture company with the name of Myanmar-Japan Thilawa Development Limited. It is located at 14 miles (23 km) in the South-East of Yangon which is the biggest commercial city of Myanmar.

Thilawa SEZ offers many economic benefits for investors as it is linked to major infrastructure development projects, including construction of deep sea ports, power grids and pipelines to neighboring countries, and improved connectivity following the construction of major highways and offers a variety of investment opportunities for foreign investors.

Investments from foreign and local businesspersons are invited to the running of businesses in various sectors of the country. The Thilawa SEZ has already received investments from many firms, including those from Japan, Korea, Taiwan, Hongkong, Thailand, Vietnam, Brunei Darussalam, China, UAE, Malaysia, Singapore, Australia, Denmark, Netherlands, Austria, France, Switzerland, British Virgin Islands, Cayman Island and Panama.

As of 18 February, 2021, Japan has topped the list of foreign investors, accounting for over 33 per cent of the overall investment, followed by Singapore and Thailand.

A total of 116 enterprises from 21 countries have ploughed in over $2.12 billion into Thilawa Special Economic Zone under the Special Economic Zone Law enacted in 2014 for the economic development of the State as of end-December, 2021 since its establishment, the Directorate of Investment and Company Administration’s statistics indicated.—MDN