Singapore tops list of investors in SEZs

22 August 2019
Singapore tops list of investors in SEZs
Arieal view of Thilawa Special Economic Zone. Photo: Myanmar International Terminals Thilawa

In ten months till July in the current fiscal year, a total of 113 enterprises, including four domestic businesses, brought in capital of US$1.72 billion into the Special Economic Zones (SEZs), according to data released by the Directorate of Investment and Company Administration, state media reported.

Singapore topped the list of investors, bringing in $646.6 million, or 37.5 per cent of the overall investment, followed by Japan with $535.43 million and Thailand with over $174.07 million. The Republic of Korea, Hong Kong, the UK, the UAE, Malaysia, Austria, China (Taipei), Panama, China, Brunei, Viet Nam, Australia, France, Switzerland, and the Netherlands also invested in the SEZs.

Myanmar is currently implementing three Special Economic Zones — Thilawa, Kyaukpyu, and Dawei. Out of the three, Thilawa is leading with better infrastructure and successful business. According to the Myanmar Thilawa SEZ Holdings Public Limited’s 2017-2018 annual report, 97 per cent of Thilawa Zone A and 61 per cent of Zone B have been sold.