Economic Development Zone
It
is designated and planned to establish economic development zone majoring in
modern agriculture, tourism and trade.
Development Mode:
- Joint Development by relevant Korean
enterprise and foreign investor in
form of JV
-
Establishment of wholly-owned foreign developing enterprise.
Term
of land lease: Less than 50 years
Total
investment: Approximately US$ 240 million
Location:
The EDZ covers some island areas of Ryongun-ri, Sinuiju, the provincial city of North
Phyongan Province,
opposite to Haoshan, Dandong
City, Liaoning Province, China (longitude
124°32′~124°34′ East,
latitude.
40°13′~40°14′ North).
Condition of Infrastructure:
Being composed of islands on River Amnok, the construction of docks and bridges
within the area could ease the transportation between the both sides.
Haoshan, Dandong City is a famous tourist
resort in Liaoning Province, China attracting lots of tourists and visitors
every year.
In this present condition, it is
regarded reasonable to get power and gas
from China.
Being on the islands, there is no
need to worry about water supply.
It has no big problem to set up
communication network for international communication.
Land-form with alluvial soils and
sands is plain so it has a good condition to establish tourist resorts and to
develop modern agriculture.
Project Plan: It
is planned to establish circular production system combining farming with
stock-breeding, the research centers for seed selection and breeding and the
facilities for vegetables and houseplants.
Middle-scale
factories producing
equipment and materials including complex organic fertilizer and assorted feed, and the basic processing line for the
products from agriculture and stockbreeding
are
going to be established.
Excursion and yacht tour are
going to be widely enjoyed around the Guri Island.