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Myanmar's Dawei developer to promote light industry

Published on Oct 30, 2012 7:34 PM
 
Dawei Development Company's Managing Director Somjet Thinaphong shows Reuters a model of the Dawei economic zone during an interview in Bangkok on Sept 19, 2012. The Thai developer of the US$50 billion (S$61 billion) Dawei economic zone in Myanmar plans to invest more than 1 billion baht (S$40 million) on infrastructure to help attract light industry amid uncertainty over the project. -- PHOTO: AFP

BANGKOK (REUTERS) - The Thai developer of the US$50 billion (S$61 billion) Dawei economic zone in Myanmar plans to invest more than 1 billion baht (S$40 million) on infrastructure to help attract light industry amid uncertainty over the project.

The plan includes building a 33-megawatt power plant plus road and water systems on the 101ha of land designated for light industry, Mr Somchet Thinaphong, managing director of Dawei Development Co told Reuters on Tuesday.

"We are arranging land area of 633 rais (101ha) for the light industries. For heavy industry, we are still working on that," Mr Somchet said.

He said the company had already lined up companies keen to invest in the light industry zone. He declined to give names.

 
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