Japan’s Mitsui asked to invest in Dawei

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.



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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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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