China to invest in Taninthayi industrial zone

24 November 2017
China to invest in Taninthayi industrial zone
Kawthoung, Taninthayi region. Photo: Karen easterbrook/Flickr

Chinese entrepreneurs will implement an industrial zone in Taninthayi region with the cooperation of the local partners, state media reported on 24 November.
Currently, they are discussing the matter with the regional government, said an official from Directorate of Investment & Company Administration (DICA). The industrial zone will be constructed on a 6,676- acre plot of land in Myittar Township, Taninthayi region. The project will jointly be implemented by China Power Investment Company and Myanmar local companies. 
Another Chinese company will also invest around US$ 28 million to construct an industrial zone on a 250-acre plot of land in Maubin Township in Ayeyawady region, the report said.
There are 19 industrial zones and three special economic zones in Myanmar, according to the Ministry of Industry.