Why invest in Magway Region?

According to section 75 of Myanmar Investment Law, investors can apply income tax exemptions for investing in priority sectors by obtaining permits or endorsements depending on development zones. Magway Region is situated in the central part of Myanmar and there are 7 districts and 25 townships in the Region. Investors can apply at least 5 years income tax exemption by investing within the region in accordance with Myanmar Investment Law as there are 13 townships for 7 years income tax exemption and 12 townships for 5 years income tax exemption.

Having a large area of land that can be used for agriculture and livestock

Magway Region is a wide land area Region in Myanmar and there are many cultivable acres of land in the Region. Growing oilseeds and crops is the vital agricultural business of the Region and the Region is known as “Edible oil pot” in Myanmar. Therefore, investors can benefit by investing in agriculture sector within the Region.

As there is a lot of pasture land and vacant land that can be used for livestock farming in Magway Region, animal breeding activities will be widely carried out in the Region. Moreover, investors can get opportunities to invest in breeding zones in Pwintbyu and Aunglan townships in the Region because these zones are being implemented.

Ability to extract oil, gas and coal

          There are a lot of oil fields in Magway Region to be commercially extracted oil and gas. Therefore, there is a great potential for investors who desire to invest in oil drilling, extraction, refinery and petro-chemical activities in the Region. Moreover, investors also have opportunities to do their business in investment projects such as coal production in the Region.

Well availability of sunlight around the year

As Magway Region is situated in central part of Myanmar, sunlight is well available in the region. Commercial solar powered electricity generation is potential in the region because average rainy day of the region is just about 70 days per year. Therefore, investors have opportunities to invest in renewable energy production projects in the region.