Myanmar industrial park wins nearly $1bn in investment
Thilawa industrial park in Myanmar has attracted a reported $1bn of funds from a range of countries, highlighting the country’s potential.
Myanmar’s Thilawa industrial park, currently celebrating its third year in business, has reported attracting almost $1bn in foreign investment from 78 companies across 16 countries. US manufacturer Ball Corp, South Korean CJ Group and Thailand’s Millcon Steel are among the companies occupying the 400-hectare property. Despite scepticism toward the project at its start, 94% of its lots are now filled, representing an “unprecedented speed” of progress in South Asia, officials at Myanmar Japan Thilawa Development reported.
A private-public partnership between Myanmar and Japan, Thilawa is the country’s first modern industrial park. Foreign investor interest has increased notably following the easing of US sanctions in May following Myanmar’s 2015 elections and a smooth transition of power to its democratic opposition party.
Global consulting firm McKinsey reported that Myanmar could attract as much as $100bn in FDI by 2030 if it spends enough to reach its economic growth potential.
The fDi Report 2016
Most popular content
Crossborder investment monitor
fDi Markets is the only online database tracking crossborder greenfield investment covering all sectors and countries worldwide. It provides real-time monitoring of investment projects, capital investment and job creation with powerful tools to track and profile companies investing overseas.
Corporate location benchmarking tool
fDi Benchmark is the only online tool to benchmark the competitiveness of countries and cities in over 50 sectors. Its comprehensive location data series covers the main cost and quality competitiveness indicators for over 300 locations around the world.
fDi Intelligence provides customised reports and data research which deliver vital business intelligence to corporations, investment promotion agencies, economic development organisations, consulting firms and research institutions.Find out more.