October 21, 2016

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Signing of JV Agreement for 2nd Zone of Thilawa SEZ in Myanmar

The siging ceremony of Joint venture agreement ammendment of Thilawa Special Economic Zone (Zone B). Photo: Supplied
The siging ceremony of Joint venture agreement ammendment of Thilawa Special Economic Zone (Zone B). Photo: Supplied

MMS Thilawa Development Co Ltd has signed an Amendment of Joint Venture Agreement with the Japan International Cooperation Agency—JICA, Thilawa SEZ Management Committee—TSMC and Myanmar Thilawa SEZ Holdings Public Ltd for the development of a new phase in the Thilawa Special Economic Zone-SEZ.
The agreement was signed by responsible personnel of both sides in the presence of Union Minister for Commerce Dr Than Myint and Japanese Ambassador Mr Tateshi Higuchi in Nay Pyi Taw yesterday.
Through this amendment joint venture agreement, MJTD, a joint venture between the aforementioned partners MMSTD, JICA, TSMC and MTHS and is developing the Thilawa SEZ, can now proceed to undertake industrial development at the 101-hectare Phase 1 of “Zone B,”.
MJTD, founded in 2013, has been developing the Thilawa SEZ’s 405-hectare “Zone A” which was successfully opened in September 2015.
Currently, 72 investors from 17 countries have been permitted to run business in the Thilawa SEZ.—GNLM

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