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<p>Thailand and Myanmar will sign a pact in January aimed at reviving the multi-billion dollar Dawei industrial zone in Myanmar, a Thai minister said.</p></article>

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<p>Thailand and Myanmar will sign a pact in January aimed at reviving the multi-billion dollar Dawei industrial zone in Myanmar, a Thai minister said.</p>
<p>Deputy transport minister Arkhom Termpittayapaisit, who is also secretary-general of the National Economic and Social Development Board (NESDB), said the Thai and Myanmar governments would meet to kick start what is arguably Southeast Asia’s most ambitious industrial zone.</p>
<p>“At the start of January 2015 the Thai and Myanmar government will sign a Memorandum of Understanding (MoU) to move forward the Dawei special economic zone,” he added.</p>
<p>He said he hoped Italian Thai Development Pcl and Rojana Industrial Park Pcl would play a role in the first phase of the project.</p>
<p>His comments come after Thailand and Myanmar seized control of the strategically located complex from Italian Thai Development (ITD), Thailand’s biggest construction firm, in November 2013.</p>
<p>The Dawei Special Economic Zone complex, a 250-sq-km (100-sq-mile) deep-sea port, petrochemical and heavy industry hub, is located along the slim Thai-Myanmar peninsula and was described by ITD as “the new global gateway of Indochina”.</p>
<p>The project has been stuck in a quagmire for years. Delays were largely blamed on ITD, which had failed to secure private investment and agree on a power source for the complex.</p>
<p>Thailand’s ruling junta pledged in October to step up involvement in the project, following talks between Thai Prime Minister Prayuth Chan-ocha and Minoru Kiuchi, Japan’s vice foreign minister.</p>
<p>Arkhom said foreign players, including Japan, were ready to get involved in Dawei, but did not give further details.</p>
<p>Located in southeastern Myanmar with highway links to Bangkok and Thailand’s eastern seaboard, Dawei is set to be Southeast Asia’s largest industrial complex when complete.</p>
<p>The industrial zone would be a potential boon for firms relying on the transport of goods around the crowded Malacca Strait, the world’s busiest shipping lane. (Reuters)</p>
<pre><strong>Source:<a href="http://www.mmbiztoday.com/articles/thailand-myanmar-revive-multi-billion-dollar-dawei-zone-2015" target="_blank">Content sharing agreement with Myanmar Business Today</a></strong></pre>
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Thailand and Myanmar will sign a pact in January aimed at reviving the multi-billion dollar Dawei industrial zone in Myanmar, a Thai minister said.

Thailand, Myanmar to Revive Dawei Zone

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