Why KMIC?

KMIC is a joint venture between the Myanmar government and the Korea Land & Housing Corporation (LH). It will create new opportunities in this rapidly developing market and will benefit both communities within the country and overseas companies wishing to enjoy its many advantages.

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.

RELIABLE DEVELOPERS

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.

CONVENIENT INFRASTRUCTURE

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.

EXCELLENT LOCATION

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.

Indonesia($269)

Indonesia ($269)

Indonesia($285)

Malaysia($288)

Philippines($245)

Thailand($322)

Cambodia($183)

Vietnam($191)

<NWPC, 10 November 2020>

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