Industrial sector leads way as inflows top $900m at Thilawa
INDUSTRIAL investment in Myanmar’s Thilawa Special Economic Zone has exceeded $900 million (Bt32.4 billion), much higher than in other sectors, said Aung Naing Oo, director-general of the Directorate of Investment and Companies Administration.
“Many investments in Thilawa SEZ are from the industrial sector. A total of $190 million of investment has been made this year,” Aung Naing Oo said.
“The Myanmar Investment Commission allowed 75 businesses from the 2014-15 fiscal year up to November this year. The industrial sector is the most popular area of investment, |with about 76 per cent of overall investment, while the transport sector receives about 7 per cent.
The services sector is about 7 per cent and the commercial sector is about 6 per cent.
The real estate sector is about 2 per cent.”
Thilawa was the first special economic zone in Myanmar, opening in September 2015. More than 95 per cent of the land space in Zone A has been occupied.
A total of 68 international companies have been granted permission to operate in Zone A of the SEZ, and they have so |far invested more than $880 million.
