The Myanmar government will provide government owned land and install electricity and water facilities and access roads with financial aid provided by the Korean government.
Excellent infrastructure, cheap labor costs and a solid foreign investment environment make KMIC a superb proposition. This is heightened by the rapidly increasing purchasing power of Myanmar’s population. With a developing domestic market and easy access to the ports and airport, client companies will be in a position to reach billions of new consumers.
The combination of Korea Land and Housing Corporation’s (LH) business development experience and Global SAE-A’s overseas expertise with the cooperation of the Myanmar government, means that KMIC is a highly reliable development.
KMIC EASY SERVICE CENTER
KMIC EASY SERVICE CENTER is a one-stop service center provided with the aid of the Myanmar government. Working with Ministry of Construction and other government offices, it simplifies the administrative procedures related to factory establishment and operation.
There is an access road to KMIC that connects to the Yangon-Naypyitaw-Mandalay Highway. A dedicated substation ensures a stable electricity supply. Water purification and wastewater treatment plants will be installed.
Since the industrial park is located on the main development axis of Myanmar, from Yangon to Mandalay, the potential for development is high. With excellent access to Naypyitaw and Hanthawaddy New Airport via the highway, the investment value to export and domestic industries is high.
MYANMAR'S LOW LABOR COSTS
Myanmar has a young workforce averaging 27.1 years with a monthly minimum wage of US$113. Myanmar is a good place to invest in labor-intensive industries as wages are cheaper than other ASEAN countries.