A total of 111 multinational companies have invested over US$1.9 billion in Thilawa Special Economic Zone in Yangon Region, and 18 of them are extending their businesses, according to Myanmar Thilawa SEA Holdings Public Co Ltd. 

Under the special economic zone law, Thilawa SEZ has received US$116.557 million in investments including the extended existing investment over the past 10 months this fiscal year, according to Myanmar Investment Commission. 

In the post-Covid-19 period, Myanmar could have chances to invite more foreign investment, specifically Japanese investment, Yangon Region Chief Minister Phyo Min Thein told the seventh annual general meeting of Myanmar Thilawa SEZ Holdings Public Co Ltd held on June 24 this year. 

“We can have opportunities to invite investment from Japan and the international community in the post-Covid-19 period. I would like to say that we must endeavour for the further development of Thilawa SEZ by grabbing these opportunities,” the chief minister said. 

He also expressed his hope that the company’s business transactions would play a role in addressing the challenges and problems in the post-Covid-19 period. 

Thilawa SEZ is being invested by over 100 companies from 18 countries, providing employment to over 10,000 local workers.