Japanese Industrial Zone in Myanmar

Myanmar's government has agreed a deal with a Japanese consortium to develop jointly a special economic zone on the edge of the commercial capital, Yangon, as part of moves to expand industry and bring in much-needed investment.

Mitsubishi Corp, Marubeni Corp and Sumitomo Corp will team up for a 49 percent share in the 2,400-hectare (5,900-acre) estate in Thilawa, close to a deep-sea port, with the government set to invite private domestic firms to get involved, an industry official said.

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