March 26, 2017

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Singapore lists as top investor in Thilawa SEZ with over $110 million

Thilawa Special Economic Zone attracts foreign investors mostly from Asia. Photo: Kyaw Kyaw

SINGAPORE has been listed as the top investor in Thilawa Special Economic Zone, a huge industrial zone on the outskirts of Yangon, according to the Directorate of Investment and Company Administration.
The investments from the island state amounted to over US$110 million in seven projects, followed by Thailand with $67.60 million in six investment projects, Japan with $42.50 million in three projects, Korea with $26.80 million in two projects.
Austria invested $14 million in one project while Vietnam entered the SEZ with a $0.83 million project.
A total of $262.588 million investments have been granted in the Thilawa SEZ as of the first week of this month.
Since mid-2014, 78 companies from 16 countries invested in the Zone A of the SEA to run their services and
manufacturing businesses, 24 of them are now operating in the area.Myanmar owns a 51-per-cent stake in the project while Japan has 49 per cent.
Singapore’s investment from 229 permitted enterprises in Myanmar as of February of this year reached $16.649 billion, according to the DICA.—Kyaw Kyaw

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