Japan has made a proposal to participate in the development of the Dawei Special Economic Zone (SEZ) which is located in Tanintharyi Region, Myanmar.
They’ve sent a letter to both the Myanmar and Thai governments indicating their interest to participate in the Dawei SEZ,” said U Myint San, Vice Chair of the SEZ management committee.
Myanmar is now waiting for financial and technical support from Japan to start construction work after long delay.
The Dawei SEZ is expected to be the largest SEZ in South East Asia – about eight times larger than Thilawa SEZ in Yangon – and over ten times larger than Kyauk Phyu SEZ in Rakhine when complete.
Italian-Thai Development (ITD), a Thai construction firm, was to have taken the lead in developing the project when the initial memorandum of understanding between the Myanmar and Thai governments was signed in 2008, but the process was stalled in 2013 when the firm ran out of funds.
Source: The Myanmar Times