The Thilawa Special Economic Zone saw a US$6.2 million increase in investment in the 2023-2024 financial year compared to the previous year’s amount, according to the zone’s management committee.
The zone imports raw materials and manufactures import-replacement and export products.
The zone’s export accounts for two per cent of the country’s total export volume. It began solar-powered electricity generation in December 2022, with five companies currently involved in this initiative. The Ministry of Electric Power aims to produce 14 megawatts of solar power in the zone.
Chairman of the Central Committee on Myanmar Special Economic Zones Vice-Senior General Soe Win encouraged solar-powered electricity generation in the zone since the surplus can be used elsewhere. A total of 114 companies from 21 countries have invested in the Thilawa SEZ, spanning 667.2 hectares (approximately 1,650.139 acres). It is one of the three economic zones in Myanmar and is reportedly successful. — TWA/NT
Thilawa SEZ records US$6.2M surge in investments for FY2023-24
- April 20, 2024
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