A distant vision for Myanmar’s industrial future

Sub-title: 

Japan-backed Thilawa Special Economic Zone is one of nation’s few economic and infrastructure success stories

Description: 

"Every morning hundreds of cars, trucks and other vehicles carrying factory workers squeeze into a two-lane bridge across Yangon’s Bago river. The buzz of industrial activity results in often nightmarish traffic jams, a rare phenomenon for Myanmar’s still nascent and in many ways hamstrung manufacturing sector. Initiated by then-president Thein Sein in 2013, the Japan-backed Thilawa Special Economic Zone (SEZ) is widely viewed by business leaders as Myanmar’s foremost economic success story. It also has advocates in high political places, with de facto national leader Aung San Suu Kyi repeatedly hailing Thilawa as a “crowning success” that “highlights the type of positive partnership that can be achieved between our respective public and private sectors.” The 2,500-hectare Thilawa has so far secured over US$1.6 billion in approved investment, including from multinationals such as German retail group Metro AG, US aluminum can manufacturer Ball and Japanese automaker Toyota..."

Creator/author: 

Thompson Chau

Source/publisher: 

"Asia Times"

Date of Publication: 

2019-08-19

Date of entry: 

2019-08-20

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, Japan, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good