Special Economic Zone
Special Economic Zone
Economic Zone
The challenges of conflict, poverty, and security in developing countries depend heavily on the economic situation of their people, and the most important condition for a country to overcome these problems and achieve sustainable development is for people to have the opportunity to obtain stable employment.
The best way to create jobs in a market economy is to attract private investment, but how can developing countries, which face various challenges such as road and power infrastructure, human resources and technical capabilities, fundraising, land issues, and weak investment-related laws, attract private investment? In response to this question, Special Economic Zones (SEZs) in many Asian countries, including China, have become the catalyst for rapid growth in private investment and are still the foundation of economic growth and job creation in these countries.
JDI's 10 points for developing special economic zones
Based on its experience, JDI has established 10 principles necessary for successful development of special economic zones.
1
Persuasion of national leaders and common understanding
Strong will and commitment from the country's top leaders is needed.
2
Enactment of relevant laws
Drafting internationally attractive SEZ legislation and guidelines.
3
Establishment and improvement of necessary organizations
Develop investor-friendly organizations and human resources.
4
Planning and creating SEZ plans
Create an internationally competitive vision, roadmap and master plan.
5
Specific plans for pilot SEZs
Identify and plan successful pilot SEZs.
6
Implementation of pilot SEZ
Implementation in a short period of time.
7
Finding and attracting investors
Attracting companies to an SEZ for the first time is difficult and requires ingenuity.
8
One-stop service and maintenance methods and implementation
Introduction of a functioning one-stop service and an efficient maintenance system.
9
Spreading SEZs nationwide and introducing them to industries other than manufacturing
The company plans to expand nationwide and into industries other than manufacturing.
10
Negotiating with relevant government ministries, aid agencies, and banks and obtaining support
The SEZ will require all necessary infrastructure and services, and cooperation from all stakeholders is needed.
As a pioneer of special economic zones, JDI has promoted SEZs in China, Thailand, Cambodia, and more recently in Bangladesh and Papua New Guinea.
Developing a special economic zone requires a complex development and approaches, including assessment and selection of candidate sites and acquiring land, developing physical infrastructure such as roads and electricity, establishing investment laws and special zone laws, human resource development, investment decisions by developers, analyzing and developing the market, attracting tenant companies, and gaining the understanding and leadership of the country's top officials. As such, it takes a long time and resources for one special economic zone to become a reality, as it is necessary to gain a deep understanding of the target country or region, build relationships with key stakeholders, and overcome each hurdle one by one.
JDI has an A to Z attitude and provides clients with comprehensive business implementation support for the development of special economic zones.
Explanation of JDI's approach and know-how
STEP 01
Establishing laws and regulations related to special economic zones
We will develop legal systems and policies relating to business within the special zones so that investors can operate with peace of mind.
STEP 02
Select and secure effective development sites
We select locations suitable for economic activity, secure the land, and prepare for development.
STEP 03
Infrastructure development including transportation, electricity, gas, and water supply
We will develop the basic infrastructure necessary for business operations, such as transportation networks and electricity, gas, and water supplies.
STEP 04
Development of special economic zones
Planning construction and facilities within the special economic zone to create an environment conducive to starting business.
STEP 05
Attracting industries from overseas
We will attract overseas companies to the special zone and promote their business expansion there.
STEP 06
The beginning of a new industry
New industries will be established within the special zone, bringing new vitality to the local economy.
STEP 07
Creating employment opportunities and developing highly skilled human resources
We will implement programs to create new employment opportunities and develop the highly skilled human resources needed locally.
STEP 08
economic growth
The development of special zones combined with industrial growth will promote economic growth throughout the region.
Main Achievements
CASE
01
PNG EZ Masterplan
Papua New Guinea Special Economic Zones Strategic Development Masterplan 2023-2033
Client
The Government of Papua New Guinea
Ministry of International Trade and Investment
Contents
Preparation of a strategic development master plan for Special Economic Zones (SEZs) throughout Papua New Guinea.
A detailed development plan spanning the 10 years from 2023 to 2033.
CASE
02
Sirajganj Special Economic Zone Development
Consulting contract for development of Sirajganj Special Economic Zone
Client
Sirajganj Economic Zone Limited
Contents
A comprehensive development plan including preparation of a master plan and detailed design for the Sirajganj Special Economic Zone.
Through this project, JDI will contribute to promoting domestic and foreign investment in Bangladesh, creating jobs, and growing the local economy.
CASE
03
Bangladesh Special Economic Zone Development
Bangladesh Foreign Direct Investment Promotion Project Implementation Support [Technical Assistance for Loan Account]
Client
JICA
Contents
We will support the development of a special economic zone in Bangladesh and will implement land preparation, power generation planning, water supply planning, environmental impact assessment, resettlement planning, etc. The project aims to improve the investment environment, create jobs, and grow the local economy.
Main business achievements
Introducing JDI's achievements in the special economic zone.
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