Thilawa Special Economic Zone (SEZ) has now attracted around $760 million in investment and that number is expected to increase to $1 billion USD in the next few years, according to the Myanmar Japan Thilawa Development Ltd (MJTD), a joint venture designated for the operation and development of the SEZ.
The SEZ is now thriving with an overall number of 73 local and foreign investors. Most business in the SEZ is concentrated in manufacturing of garment, construction materials, automobile parts, agricultural machinery, medicine and medical equipment.
Thilawa SEZ, established in 2015, was the first SEZ to be developed in Myanmar. Two others, Dawaei and Kyaukphyu, are currently in development. Thilawa SEZ sits on a 2400-hectare land between Kyauktan and Thanlyin townships located 25 kilometres southeast of Yangon.
Interest in the enterprises of Thilawa SEZ has been on a constant rise since the new government has come in, according to stakeholder sources.
