Thai Prime Minister Yingluck Shinawatra will meet Myanmar President Thein Sein on Thursday the sidelines of the current ASEAN summit in Brunei to update him on her country’s progress on the Dawei Special Economic Zone, according to Thailand’s The Nation, quoting Sihasak Phuangketkeow, the permanent secretary of the Thai Foreign Ministry.
Thailand is committed to 35 percent of the US$9 billion-dollar Dawei industrial project located on the coast of Tanintharyi region in southern Myanmar.
In mid-December, 2012, Thai Prime Minister Yingluck and her delegation visited the city of Dawei, also known as Tavoy, to inspect the site where they met with the Myanmar President.
The Dawei mega-project will include a deep-sea port, power plants and numerous factories. The investment also includes the construction of a highway linking Dawei to Bangkok.
On March 18, Thailand’s The Bangkok Post reported that the country’s main investor, Italian-Thai Development PLC, had conceded to share the investment with other firms or special purpose entities.
On March 21, Yingluck’s brother, deposed former premier Thaksin Shinawatra, visited Dawei reportedly to inspect the progress of the industrial project.
During Myanmar President Thein Sein’s visit to India in December, he invited India to invest in the Dawei project, too.
The Nation also reported on April 24 that President Thein Sein is expected to be present at the opening ceremony of United Nations-convened regional development policy forum on April 29 in Bangkok.
For more background:
- Land prices soaring around Dawei SEZ
- Thailand stalls on Dawei highway
- Thai, Burmese govts back Dawei project