Dawei SEZ draws investor interest, but lacks infrastructure

Sub-title: 

Businesses from China, Thailand, Korea and Japan, including those from the power and logistics sectors, have said they are keen to invest in the Dawei Special Economic Zone (SEZ) in Tanintharyi, which is near the Thai border.

Description: 

"Investor interest in Dawei, which has yet to be developed, has been on the rise since Myanmar and Thailand agreed to speed up development of the SEZ during the 9th Myanmar – Thailand Joint Coordinating Committee meeting last month. “Power companies from China, steel firms from Thailand and logistics firms from South Korea have said they want to make site visits as they are interested to invest,” said U Myint San, vice chair of Dawei SEZ Management Committee. Although official invitations have yet to be sent out, China’s V Power, which will import liquefied natural gas (LNG) into the country next year, has voiced interest in the SEZ, as has China National Technical Import and Export Corp (CNTIC), which is also interested in selling LNG to Myanmar and its neighbours. “CNTIC has had discussions with the government on supplying LNG which can be converted into energy due to the electricity shortage in Myanmar. They plan to transport the LNG to Myanmar using gas tankers and set up base in Dawei SEZ,” U Myint San said. The other Chinese energy and power firms are Power China International Group, China Tianchen Engineering Corporation and TBEA Xi’an Electric Technology Co. Korean logistics firm Hyundai Glovis is keen to offer logistics and transportation services to the SEZ, linking it to Bangkok via land and to Thilawa SEZ in Yangon via and land and sea, it said. Meanwhile, Thai firms are interested in steel production at the SEZ. “Given that steel requirements in both Thailand and Myanmar are high, they want to build steel mills in Myanmar,” said U Myint San..."

Creator/author: 

Chan Mya Htwe

Source/publisher: 

"Myanmar Times" (Myanmar)

Date of Publication: 

2019-11-06

Date of entry: 

2019-11-06

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, Thailand, China, Korea, Japan

Language: 

English

Resource Type: 

text

Text quality: 

    • Good