Myanmar will see its high-profile Thilawa Special Economic Zone (SEZ) go into partial operation in mid-2015, a top official involved with the project said.
“The earthwork for the Class A Project has been completed and construction of water and power facilities are underway,” U Win Aung, chairman of Myanmar Thilawa SEZ Holdings Public Ltd (MTSH), which holds 41 percent share in the project, said.
The Thilawa project is expected to help create about 40,000 jobs for local residents, he added.
The Class A project covers 396 hectares out of the 2,342-hectare Thilawa SEZ, located 25 kilometres from Yangon.
MTSH has received many letters of intents from companies around the world, especially from Japan, Hong Kong and Europe, to invest in the project, he added.
