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Thailand Industry – Myanmar Seeks SEZ Investors

By on Sep 22, 2014 in Industrial

Local and foreign companies are being sought to bid for construction projects in a special economic zone (SEZ) in Myanmar’s western state of Rakhine, officials said on Saturday.  The Kyaukphyu SEZ will include a 16-metre deep port with a container-handling capacity of 8,000 20-foot equivalent units.

“Tenders will be opened on Sept 15 and we will choose winners by the end of December,” said Maung Maung Thein, a deputy finance minister and vice-chairman of the Kyaukphyu economic zone management committee.  Construction of the industrial zone on 1,500 hectares of Yanbyae island would begin in early 2015, he said. The project is expected to initially cost more than $200 million.

Targeted industries for the initial phase are textiles, construction materials, food processing and general manufacturing.  “We designed the SEZ to create many more jobs here,” Maung Maung Thein said.

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