Outline: It is planned to establish the intensive export-processing zone majoring in export-processing, storage, and cargo transportation.
-Joint Development by relevant Korean enterprise and foreign investor in form of JV
- Establishment of wholly-owned foreign developing enterprise.
Term of Land Lease: 50 years at maximum
Total Investment: About US$ 80 million
Location: Western part of the zone is in the opposite side of Daean district, Nampho City (east longitude: 125°40, north latitude: 38°47). Northern part of the zone is located in Songnim City along the downstream of Taedong River adjacent to Kangnam County, Pyongyang City.
Condition of Infrastructure: It is laid on hill area along downstream of Taedong River and the area is mostly flat farm land which makes it very easy to rearrange the area.
The optical fiber cable installed in Songnim City can be used and mobile communication is available.
Project Plan: It is planned to establish export-processing zone majoring in export-processing of raw materials from abroad through Songnim and Nampho port. And it is planned to develop the modern export-processing zone majoring in export- processing, storage and transportation of steels and other raw materials produced in our country. It is also planned to establish the export-processing zone by using the factories and enterprises of the nearby cities, Songnim and Sariwon.