Buoyant Foreign Investments driving the Construction Industry in Myanmar: Ken Research

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Buoyant Foreign Investments driving the
Construction Industry in Myanmar Ken Research
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• Foreign investments in the manufacturing sector
  constituted 18.7 of the total investment
  approved by the government.
• In March 2015, the government introduced its
  first National Export Strategy (NES) to boost the
  countrys exports.
• Key trade sectors such as garments and textiles,
  rubber, beans, rice, oilseeds, fisheries and
  forestry products needs to be aided which is the
  motive of the above strategy introduced by
  government.
• Ken Research recently announced latest report on,
  Construction in Myanmar-Key Trends and
  Opportunities to 2020 which discusses detailed
  analysis of infrastructure construction projects
  and the leading players. Report also provides
  insights on operating environment of construction
  industry in Myanmar. It also provides information
  about Myanmars infrastructure construction value
  chain. Report sheds light on how the existing
  players can use this information to gain the
  competitive edge in the market. The report
  enables the reader to interpret future outlook on
  how the market will shape up by the end of this
  decade.

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• It is projected that during 2016-2020, Myanmars
  construction industry will continue to expand.
  Growth will be triggered due to improvement in
  economic conditions, government investments for
  the evolution of public infrastructure projects
  and uplift in foreign investments. Government
  flagship programs such as the National Transport
  Master Plan, National Export Strategy (NES) and
  National Electrification Plan are the major
  contributors for industry growth for 2011-2015.
  However, the underdeveloped regulatory and
  financing environment and a lack of transparency
  in the tendering process will prevent the
  construction industry from expanding at a faster
  pace. There was revision in the countrys foreign
  investment law in 2012, allowing foreign
  investors to own up to 50 of all joint ventures
  by the Myanmar Investment Commission (MIC). This
  move is expected to fasten the pace of foreign
  investment. Mismanagement of national finances is
  the major cause of trouble in economic growth and
  Myanmar is also affected external debt, tax
  evasion and corruption. A need has emerged for
  the Government efforts to balance demand and
  supply for housing through the construction of
  affordable housing units. Government has gone
  through a great transformation shifting from
  military rule to more domestic type. Political
  reforms were introduced and opened the doors for
  foreign investment, due to which it issued oil
  and gas exploration licenses to Chevron and
  Shell.

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• With the aim of renovating the countrys
  transport infrastructure, the government is
  implementing the National Transport Master Plan
  2014-2030, for a total investment of MMK26.7
  trillion (USD 26.8 billion). Of the total,
  MML11.7 trillion (USD 11.7 billion) will be
  allocated for the development of road
  infrastructure, MMK6.5 trillion (USD 6.6 billion)
  for rail infrastructure, and MMK8.5 trillion (USD
  8.5 billion) for inland water, seaport and
  airport infrastructure. In order to amplify the
  countrys tourism sector, the government launched
  the Tourism Master Plan for 2013-2020. It has set
  a target to attract 7.5 million tourists by 2020.
  According to the Ministry of Hotels and Tourism,
  tourist arrivals reached 3.5 million in 2014 and
  increased to 4.2 million during January-November
  2015.
• To know more on the coverage, click on the link
  below
•  https//www.kenresearch.com/manufacturing-and-con
  struction/infrastructure/construction-myanmar-key-
  trends/33360-97.html 

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• Related Reports
• CONSTRUCTION IN AUSTRALIA-KEY TRENDS AND
  OPPORTUNITIES BY STATE AND TERRITORY TO 2020
• CONSTRUCTION IN SOUTH KOREA-KEY TRENDS AND
  OPPORTUNITIES TO 2020
•  
• Contact
• Ken Research Ankur Gupta, Head Marketing
  Communicationsquery_at_kenresearch.com91-124-42302
  04

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Thank you