BUSINESS – 17 foreign firms eye Thilawa SEZ

No less than 17 foreign companies are bidding for contracts and land leases at Thilawa Special Economic Zone (SEZ), said Myanmar-Japan Thilawa Development Co Ltd Chairman Takashi Yanai. Speaking at an investors’ meeting on Tuesday, Takashi said the majority of the firms are from Japan and Hong Kong, with interests ranging from garment industries to electronic to food processing. He said construction at the SEZ, which is situated 25km south of Rangoon, will begin in May and should be open for business in mid-2015.