Myanmar, foreign companies to implement SEZ in southwestern region

Description: 

"Some three Myanmar companies and four foreign ones will jointly implement a special economic zone (SEZ) project in Pathein, southwestern Ayeyawady region in 2013 in a bid to promote national economy, a local media reported Thursday. Two companies from Thailand, one each from China?s Hong Kong and Indonesia and Myanmar big companies -- Shwe Than Lwin Co.,Htoo Trading Co.and IGD will be involved in implementing the project named Myanmar Super Axis worth about 5.5 billion U.S. dollars, the 7-Day News said. The project, covering an area of 3,037 hectares and including a deep sea-port, ecotourism and three industrial zones, represents the largest project in the region. The project, which is expected to be completed by 2025, was granted by the Myanmar government. Meanwhile, a special economic zone (SEZ) in Myawaddy, southeastern Kayin State, is also being planned with the cooperation of Thailand. The economic zone also includes the Hpa-an industrial zone and more such zones will follow in Thingan Nyinaung in the same state as well as in Mon, Shan and Tanintharyi states and region."

Source/publisher: 

Xinhua

Date of Publication: 

2012-01-19

Date of entry: 

2012-09-22

Grouping: 

  • Individual Documents

Category: 

Language: 

English

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