September 23, 2017

US$ 258 million in Japanese investments made into Thilawa Special Economic Zone

A man works at the site of the Thilawa Special Economic Zone project ouside Yangon in 2015.
A man works at the site of the Thilawa Special Economic Zone project ouside Yangon in 2015.

JAPANESE companies have invested over US$ 258 million in 25 enterprises operating out of the Thilawa Special Economic Zone beginning from November of the 2014-201 FY to July 2016, according to Directorate of Investment and Company Administration.
The total invested amount in the Thilawa (SEZ) is currently US$830 million from 14 foreign countries. Singapore tops the list with investments totalling US$ 372 million in 18 enterprises, Hong Kong with US$ 38 million in five enterprises and Thailand with over US$ 60 in seven enterprises, UAE with over US$15 million, Panama with over US$13 million, China over US$12 million, Malaysia over US$9 million, South Korea over US$ 8 million, Australia US$7 million, Viet Nam US$6 million, Brunei US$5 million and Taiwan US$4 million.
Singapore stands at the top of 14 foreign countries currently investing in 68 enterprises operating out of the Thilawan Special Economic Zone. Japan is second after Singapore, it has been learned from the Directorate of Investment and Company Administration.
12 new industries, including a garment factory and an auto parts factory, have commenced operation in the Thilawan Special Economic Zone.

 

Min Thu

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