Nay Pyi Taw/ August 5th, 2015
      On 5 August 2015, Italian-Thai Development Public Company Limited (“the Company”) along with the Consortium Partners, through the registered companies in Myanmar (“Project Companies”), signed the Concession Agreements with the Dawei Special Economic Zone (“DSEZ”) Management Committee of the Republic of the Union of Myanmar to develop the Initial Phase of the Dawei Special Economic Zone which includes the Initial Industrial Estate area of 27 square kilometers and its related infrastructures.
     
      Besides being granted the 27 square kilometers of industrial estate land, the Company also has the right to develop an additional 8 square kilometers of industrial estate area accordingly. Altogether the total sellable area is 16,000 rai.
     
      The Concession Agreements which are governed under the Myanmar Special Economic Zone Law will be valid for a period of 50 years; plus an extension period of 25 years.
     
      The Initial Industrial Estate area which is now open for reservation and will be ready for investors to move in and construct their factories along with the area development to be operational at  the end of 2016.

Myandawei Industrial Estate Company Limited (MIE) was established on April 9th, 2015 in the Republic of the Union of Myanmar under the joint investment by Thailand’s most well-known leading companies on infrastructure construction and industrial estate development expertise. The joint venture company (MIE) comprise:

• Italian-Thai Development Public Company Limited (ITD) and
• Rojana Industrial Park Public Company Limited (ROJANA)
  

ITD possess long-term experiences of construction, the completion of more than 1,500 projects such as Suvarnbhumi International Airport, LaemChabang Ports and Map Ta Phut Port and Industrial Estates, and a long outstanding track record of civil works and project development. The company is Thailand’s No.1 contractor of infrastructure for over 50 years.

ROJANA has a reputation in developing the designed full fledge industrial parks in Thailand, accompanying with quality services and professional management such as those in Industrial Park in Ayutthaya, Rayong, and Prachinburi.

MIE is to develop the Dawei Industrial Estate and related Infrastructure and Utilities, together with Township under the synergy of the professional management team and the specialized advisors.