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Bhutan Special Economic Zone (SEZ) Industry Analysis
Bhutan is a small, landlocked country located in the Himalayas, known for its natural beauty and its emphasis on preserving its cultural and environmental heritage. The country's economy is heavily dependent on agriculture and hydropower, but the government has been working to diversify its economy and attract investment in other sectors such as tourism, construction, and manufacturing.
Bhutan does not have any established special economic zones (SEZs) as of now. However, the government has been working to improve the ease of doing business in the country, including simplifying the building permit process and promoting transparency in the construction sector in order to attract more foreign investment.
The construction industry in Bhutan has been growing in recent years, driven by government investment in infrastructure and housing projects. The industry has been traditionally driven by the public sector, but the government is now promoting private-sector investment in construction, particularly in the tourism and housing sectors.
However, the industry is facing some challenges, such as shortage of skilled labor and lack of advanced technology and construction materials which can make it difficult for companies to navigate the legal and regulatory environment. Additionally, the industry also faces challenges related to environmental and social sustainability, as the country is committed to preserving its natural and cultural heritage.
Overall, the construction industry in Bhutan is expected to continue growing in the coming years, driven by the government's efforts to improve the ease of doing business, diversify the economy, and attract foreign investment in the country. However, the industry's growth may be impacted by external factors such as the state of the global economy, the impacts of the ongoing pandemic, and the need for improvements in sustainability and transparency.
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