Thilawa SEZ (Phase 1) slated to open end of June

Burma’s first special economic zone (SEZ) will become operational in a commercial sense as from the end of June, DPA reported on Thursday, citing the managing director of Myanmar Thilawa SEZ Holdings. “Construction of eight local and foreign factories on Phase 1 of Thilawa SEZ is almost finished,” said Thein Han. Phase 1 occupies nearly 400 hectares southeast of Rangoon, and when fully functional could create up to 50,000 job opportunities, he said. A majority of the 40 firms signed up at Thilawa are from Japan.