Economic Development Zone
It
is designated and planned to establish economic development zone majoring in
modern agriculture, tourism and trade.
Development Mode:
-
Joint venture development enterprise between Korean enterprise of concern and
foreign investor
-
Establishment of wholly-owned foreign developing enterprise.
Term
of Land
Lease: Less than 50 years
Total
Investment:
Approximately 120 million US$
Location:
Some areas of Mita-ri, Manpho City in Jagang Province facing with Jian City and Tonghua City, Jilin Province,
China ( longitude 126°05′East ~126°10′, latitude 41°04′North ~41°06′).
Condition
of Infrastructure: Even though it is located in inland zone, it’s
possible for marine transportation between DPR Korea and PR China on
Amnok River if
a wharf is to be constructed.
It has no big problem to set up
communication network of the
zone and the Amnok River
is a great source to supply industrial water.
There are a few buildings and attachments to be
removed and thus it’s
favorable to speed up the development.
Project Plan: The international service center of tourism and trade is planned to be established in Mita-ri area.
In Posang-ri area, it is also planned to establish the modern agricultural base majoring in farming and
stock-breeding and herb-cultivating
based on the modern
circular system.
Recreational activities and
tourism could be enjoyed by many
people visiting
some famous places and Amnok River. Mita mineral water is very
good for chronic gastritis, duodenum ulcer, chronic small intestine, chronic
large intestine, chronic hepatitis, obesity and senile arteriosclerosis.
It
is planned to develop the bonded
processing of the foreign enterprises in the EDZ and to extend out processing
industry of abundant resources in Jagang Province.
In the area of Posang-ri, where shining hours are quite
longer, processing industry
is to be established with the main projects of farming, stock-breeding and
medical herbs-cultivating.
When the construction of
EDZ goes smoothly in the first
stage, the development could be expanded in accordance with the needs of investors.