Factories will be build in the Thilawa Special Economic Zone (SEZ) in southeastern Yangon as part of the first phase of developing the Japanese-funded project, a top official said.
Deputy Minister for National Planning and Economic Development Set Aung said the construction work will start by the end of this year.
The minister said according to the MoU signed between Myanmar and Japan during Japanese Prime Minister Shinzo Abe’s visit in Myanmar, the project will be implemented in three phases, covering about 296 hectares of land.
The minister was speaking at a public meeting at the Department of Human Settlement and Housing Development (DHSHD) in Thanlyin.
Two more SEZs are set to be developed in at Dawei, Tanintharyi region, and at Kyaukphyu in Rakhine State.
Three Japanese companies including Mitsubishi have signed deals to implement the Thilawa SEZ.
