Japan’s Mitsui asked to invest in Dawei

Reading Time: 1 minute

dawei2On the search for investment partner for the Dawei industrial zone development in Myanmar spearheaded by Thailand, the Thai government has now urged Japanese trading giant Mitsui & Co to invest in the project.

Thai Prime Minister Yingluck Shinawatra said she hopes that the Japanese private sector and/or Mitsui would join Thailand in investing in the development of Dawei, as the link between that port and Thailand’s own Laem Chabang should also benefit Japan.

According to the Thai National News Agency, the Japanese Ambassador in Thailand has asked for information on the Dawei special economic zone and its feasibility. Thailand said it will have to discuss the project with Myanmar and wait for investors’ decisions before further developing the project.

Originally, the huge $8.5 billion Dawei project has been backed by Japanese investors who later declined to participate. Thailand has now set up a joint venture at a smaller scale between engineering firm Italian-Thai Development and the Myanmar government to facilitate the project. In the meantime, Japanese investors have focused more on Thilawa, another Myanmar special economic zone that is close to Yangon.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

On the search for investment partner for the Dawei industrial zone development in Myanmar spearheaded by Thailand, the Thai government has now urged Japanese trading giant Mitsui & Co to invest in the project. Thai Prime Minister Yingluck Shinawatra said she hopes that the Japanese private sector and/or Mitsui would join Thailand in investing in the development of Dawei, as the link between that port and Thailand's own Laem Chabang should also benefit Japan. According to the Thai National News Agency, the Japanese Ambassador in Thailand has asked for information on the Dawei special economic zone and its feasibility. Thailand...

Reading Time: 1 minute

dawei2On the search for investment partner for the Dawei industrial zone development in Myanmar spearheaded by Thailand, the Thai government has now urged Japanese trading giant Mitsui & Co to invest in the project.

Thai Prime Minister Yingluck Shinawatra said she hopes that the Japanese private sector and/or Mitsui would join Thailand in investing in the development of Dawei, as the link between that port and Thailand’s own Laem Chabang should also benefit Japan.

According to the Thai National News Agency, the Japanese Ambassador in Thailand has asked for information on the Dawei special economic zone and its feasibility. Thailand said it will have to discuss the project with Myanmar and wait for investors’ decisions before further developing the project.

Originally, the huge $8.5 billion Dawei project has been backed by Japanese investors who later declined to participate. Thailand has now set up a joint venture at a smaller scale between engineering firm Italian-Thai Development and the Myanmar government to facilitate the project. In the meantime, Japanese investors have focused more on Thilawa, another Myanmar special economic zone that is close to Yangon.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid