Maxim Reshetnikov, Minister of economic development of the Russian Federation, and Kan Zaw, Minister of investment and foreign economic relations of Myanmar, have signed a memorandum of investment cooperation in the framework of Dawei Special Economic Zone.
The document was signed during the 5th Intergovernmental Russia-Myanmar commission on trade and economic cooperation in Myanmar, the RF Ministry of economic development said in a statement.
The Memorandum envisages building a port, a coal power station and an oil refinery in Dawei.
The Dawei Special Economic Zone covers a territory of 196 square kilometers in the Andaman Sea. It is planned that it will host high-tech industrial zones and transport hubs as well as IT and export processing zones.
Photo: RF Ministry of economic development press office