Some US$20 million worth of foreign direct investments were pumped into Thilawa Special Economic Zone (SEZ) in April this year, according to the Directorate of Investment and Company Administration (DICA).
Thilawa SEZ intends to attract FDIs worth $200 million in the six-month interim period before the next 2018-2019 fiscal year, said an official from DICA.
Japan, Singapore, Thailand, South Korea, the United Kingdom and the Netherlands invested heavily in the zone. Manufacturing absorbed more FDIs, accounting for 73 per cent of the total FDIs in the zone. Investments were also made in the trading, logistics, service, real estate and hotel sectors. Japan is a major investor in the Thilawa SEZ, followed by Thailand.
Of the 2,400 hectares in Thilawa SEZ, some 400 hectares are in Zone A, whose construction has been completed. Construction has started on the 101 hectares for Zone B.