Thailand, Myanmar to revive industrial zone project

Bangkok

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 on Thursday. Deputy Transport Minister Arkhom Termpittayapaisit, who is also secretary-general of the National Economic and Social Development Board, said that the Thai and Myanmar governments would meet to kickstart what is arguably South-east Asia's most ambitious industrial zone.

"At the start of January 2015, the Thai and Myanmar governments will sign a memorandum of understanding to to move forward the Dawei special economic zone," he added.