Thailand to sign first phase of Dawei development next week

July 29, 2015 12:18 PM

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BANGKOK, July 29 Thailand will sign a $1.7 billion deal to develop the first phase of the long-delayed Dawei Industrial Zone in southeastern Myanmar next week, Thailand's secretary-general of the state planning agency said on Wednesday.

The project is arguably Southeast Asia's most ambitious industrial zone - a 250-sq-km (100-sq-mile) deep-sea port, petrochemical and heavy industry hub along the slim Thai-Myanmar peninsula.

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