On 27 January 2011, the Myanmar State Peace and Development Council issued the Special Economic Zone Law, aimed at attracting more foreign investment to boost the country’s economy. Myanmar designated 24 development zones in the country, carrying out major projects. The Law, which comprises 12 chapters as a legal base, covers formation of a central body, special privileges of investors, land use, bank and finance management and insurance business as well as quarantine inspection and confinement and matters related to labor.