HomeMMBIZ News40 Private Cos Win Bids to Develop Southern Myanmar

40 Private Cos Win Bids to Develop Southern Myanmar

A total of 40 private companies and entrepreneurs have won bids for development of Dawei and the entire southern Tanintharyi region of Myanmar, according to official media report.

The development projects are funded by the Ministry of Border Affairs.

Myanmar is also inviting international companies to bid for Dawei Special Economic Zone (SEZ) in the region following the pull-out of the sole developer, Italian-Thai Plc.

The international developers were set to bid for the SEZ tender starting December 20 last year for the initial phase of the project and the tender will be opened on March 31.

The work for the ambitious development project, which was mired in financial concerns, is set to begin on May 15.

The initial phase will cover about 20 square kilometres or 10 percent of the overall project which is estimated to take five years to finish.

Dawei region serves as the southern economic corridor of the Greater Mekong subregion.

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