Sagaing Port and Urban Development Project

The project is looking got Public-Private Partnership (PPP) system or a joint venture with a citizen-owned or locally owned business. This project aims to compete against Mandalay urban development project, and some of the resources available are having a area of 1,316 acres and having a good waterway as well as the availability of necessary electricity for the project. According to Myanmar Investment Law, if you invest in the medium-developed Zone 2, you can apply for income tax exemption of 5 years. You can also apply for tax exemption on imported machines and machineries. And if you reinvest the profit earned from the business, you can apply for tax exemption or tax relief on this profit. In comparison with Mandalay, land prices in Sagaing are much cheaper.