Myanmar inaugurates 1 billion pounds economic zone ahead of elections


  • World
  • Wednesday, 23 Sep 2015

Japan's Finance Minister Taro Aso (C) and Myanmar's Vice President Nyan Tun (R) visit a factory after the opening ceremony of the Thilawa Special Economic Zone at Thanlyin township outside Yangon September 23, 2015. REUTERS/Soe Zeya Tun

THILAWA, Myanmar (Reuters) - Myanmar's vice president opened on Wednesday a $1.5 billion (1 billion pounds) manufacturing complex aimed at luring investment and creating jobs, showcasing government work on developing the economy in the run-up to a general election.

Vice President Nyan Tun, a close ally of President Thein Sein, unveiled the first phase of the 2,400-hectare (5,900-acre) Thilawa Special Economic Zone at a ceremony at the site, an hour's drive from the commercial capital of Yangon.

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