Foreign consortium wins bid for implementing SEZ in Myanmar

The transnational consortium involves five Chinese and one Thai firms.

The announcement for construction and operation of industrial park and deep sea port projects of the SEZ was made by Myanmar’s Kyaukphyu SEZ Bidding Evaluation and Awarding Committee following the approval by the cabinet and parliament.

The Industrial Park project, which covers an area about 1,000 hectares, is to be built in three phases with commencement of construction in February 2016.

It will include technology and capital-intensive industries and labor-intensive industries such as textiles, food as well as services industries.

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