Quarterly Business Magazine

Kyauk Phyu SEZ to Provide Employment Opportunities for More Than 100,000 Locals

Posted :
Saturday, July 5, 2014

Yangon – After Kyauk Phyu Special Economic Zone has been implemented, it will provide employment opportunities for more than 100,000 locals, said U Aung Kyaw Than, Joint Secretary of Kyauk Phyu SEZ’s Bid Evaluation and Awarding Committee.

The SEZ project is expected to start in March 2015.

“From this project, Myanmar citizens—mainly locals—will gain a lot of employment opportunities. The first phase of the project will create more than 100,000 employments,” said U Aung Kyaw Than.

“Even the industrial zone project will create 50,000 jobs,” said U Myint Thein, Deputy Minister for Ministry of Rail Transportation and Chairperson of the Kyauk Phyu SEZ Management Committee.

The first phase of Kyauk Phyu SEZ implementation consists of the constructions of a deep-sea port, factories, and residential buildings.

The management committee will invite EOI applications on July 14th and complete the review process for the applications by December. The first phase of the SEZ is expected to take off on March 2015.

Although the SEZ was initially planned to cover only 1,000 acres, the new site will consists of more than 4,000 acres.

The local Rakhine people are concerned that the building of a deep-sea port will harm the local fish and shrimp industry, their main livelihood.

Moreover, since the port can harbor container ships that weigh up to 200,000 tons to 300,000 tons, the locals are concerned that the momentum these ships create will cause coastal erosion and extinction of certain fish species, said U Hla Maung from Rakhine Thahaya Association.

The association is concerned about the arrival of chemical industries such as oil refineries in the industrial zone. It has also requested the government to set up a systematic waste water management facility for cargo ships.

An official from Myanmar Port Authority states that since ships from across the world will harbor at the port, the port management will adopt the international standards and will perform necessary environment impact assessment (EIA) and social impact assessment (SIA) for the port.

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