1 March 2017
MYANMAR: New Factory Sites Set to Be Released on Expanded Thilawa SEZ
New factory sites are to be released within the Thilawa Special Economic Zone (SEZ) before the end of 2017. Set on the outskirts of Yangon, Myanmar’s commercial hub, the SEZ has already attracted more than US$1 billion in investment, thanks in part to a number of government-backed incentives, including a seven-year tax holiday for export-oriented FDI projects and a five-year tax break for domestic-oriented production. These incentives will be extended to the tenants of the new sites.
Work has already commenced on a 101-hectare extension to the existing 405-hectare site. The additional section is scheduled to be completed by mid-2018.