Dawei Deep Sea Port to Bring Foreign Investment to Thailand
Board of Investment (BOI) has stated that the Dawei Deep Sea Port and Industrial Estate in Myanmar will become an important drive for economic growth in this region, offering a shortcut for logistics and bringing new business opportunities and foreign investment to Thailand.
After conclusion on signing of Memorandum of Understand between Thailand and Myanmar to construct Dawei Deep Sea Port, Chanvit Ammatamatuchat, Deputy Secretary of General Office of the National Economic and Social Development Board (NESDB) said that the industrial zone and the deep sea port in Dawei will be a new drive for the economic growth in the region, serving as new logistic shortcut connecting trading market between western and eastern side of Indochina region. The project will serve as economic land bridge connecting Andaman Sea on the Myanmar side through Thailand and out to South China Sea creating great opportunities for expanding up-stream industries and linking supply chain in Thailand and in the region.
BOI is offering assistance in terms of consultation on the investment and upstart of the business related to this new mega project for both local and international investors. Dawei Deep Sea Port and Industrial Estate project will generate major investment and help drive the growth of the economy in Southeast Asia and the surrounding regions. Investors who are interested in investing in Thailand to take advantage of this development can consult and ask for assistance and tax privileges from the BOI.
Press Release, December 20, 2012; Image: daweiproject