Summary
Thilawa Special Economic Zone (Burmese: သီလဝါအထူးစီးပွားရေးဇုန်; abbreviated Thilawa SEZ) is a 2,500 hectares (6,200 acres) special economic zone being developed in Kyauktan and Thanlyin Townships, 25 kilometres (16 mi) south of Yangon city.[1] The first phase of the SEZ became operational at the end of September 2015.[2]
History edit
The project was announced in January 2011.[1] Thilawa SEZ is being developed by a joint venture, initially between the Japan External Trade Organization and the Union of Myanmar Federation of Chambers of Commerce and Industry.[1] The Burmese and Japanese governments established a consortium including Japan Thilawa SEZ Company (backed by Mitsubishi, Marubeni and Sumitomo corporations), Myanmar Thilawa SEZ Holdings, Thilawa SEZ management committee and the Japan International Cooperation Agency (JICA) on 29 October 2013 to proceed with development.[3] Construction on the $3.28 billion project began in May 2014.
The first phase of the SEZ was slated to complete in 2016, but became operational at the end of September 2015.[2]
Management edit
The current Chairman of Thilawa Special Economic Zone's Management Committee is Winston Set Aung.[4]
See also edit
- Special economic zone
- Economy of Burma
External links edit
- Official website
References edit
- ^ a b c Myat May Zin (29 October 2012). "Thilawa SEZ work to start". Myanmar Times. Retrieved 1 July 2015.
- ^ a b Ko Ko Aung; Htin Linn Aung (29 April 2015). "Eight companies set to begin operations in Thilawa SEZ". Myanmar Times. Retrieved 1 July 2015.
- ^ Noe Noe Aung (8 December 2013). "Thilawa SEZ breaks ground". Myanmar Times. Retrieved 1 July 2015.
- ^ Zaw Htike (24 March 2014). "First Thilawa SEZ factory construction to start in May". Myanmar Times. Retrieved 1 July 2015.