Kyauk Phyu Economic Zone
The Kyauk Phyu Economic Zone is a specially designated area in which foreign companies will construct and operate petrochemical plants and oversee the export of Chinese made products. This Economic Zone will serve as the endpoint for the Yunnan-Arakan railway, and will be the site of new naval facilities and a deep-sea port. It will occupy over 50% of the land in Kyauk Phyu Township.
Special Economic Zones in Burma are governed by the Special Economic Zone Law, which was decreed by the military junta in January 2011 and has been upheld by the current military-dominated government. This law regulates various aspects of the zone, including investor privileges, land use, insurance, bank and finance management, and labor matters.