For the extensive operations of factories, Thilawa Special Economic Zone is in need of international-standard jetties and logistics services, said Win Aung, chair of Myanmar Thilawa Special Economic Zone Holdings Public Co., Ltd (MTSH).
According to the MTSH’s annual report for 2018-2019 fiscal year, the MTSH is conducting preliminary surveys to transform the zone into a multi-modal logistic hub.
On December 12, 2018, the operation of the jetty built by Thilawa Multipurpose International Terminal Co., Ltd (TMIT) with Japanese ODA loan, started.
Toyota Myanmar Co., Ltd has invested 52.6 million US dollars in the automobile industry and will manufacture 2,500 Toyota Hilux cars as from 2021. It can create an economic chain by attracting the companies which manufacture automobile parts used in the production of Toyota cars, he continued.
Out of three special economic zones in Myanmar, Thilawa Special Economic Zone has many economic potentials and sees regular progresses as it is built at the strategic place. A total of 108 companies from 19 countries have invested in the Thilawa Special Economic Zone, said Dr. Than Myint, Union Minister for Commerce and chair of the Central Committee for Myanmar Special Economic Zones.
Sixty per cent of companies in the SEZ target the local market and the rest, the overseas market.
From the market point of view, there are 36 export-oriented companies, 60 companies which eye the local market and one company in the Thilawa SEZ.
Source: Eleven Myanmar