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Economy

Myanmar's flagship industrial park ready for takeoff

Number of companies at Thilawa set to double in the next year

Many plants are under construction at the Thilawa special economic zone industrial park outside Yangon.

YANGON -- Myanmar's first industrial park has grown into a thriving hub of foreign investment in its first two years, in a country seeking to catch up quickly with its more industrialized Southeast Asian peers.

During the two years since it opened in September 2015, the Thilawa industrial park in a suburb of Yangon, the country's largest city, has attracted 85 companies, including some that have reserved a lot. Already, 36 of them have started operation, while 34 others are constructing their facilities.

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