Construction in Myanmar - Key Trends and Opportunities to 2020 - New Study Released

From: Fast Market Research, Inc.
Published: Thu Jun 30 2016

Timetric's Construction in Myanmar - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into Myanmar's construction industry including:

* Myanmar's construction industry's growth prospects by market, project type and construction activity
* Analysis of equipment, material and service costs for each project type in Myanmar
* Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Myanmar's construction industry
* Profiles of the leading operators in Myanmar's construction industry
* Data highlights of the largest construction projects in Myanmar

Report Highlights

* Myanmar has undergone a transition since 2011, with the government shifting from military rule to a more democratic style. The shift resulted in the introduction of political reforms and opened up the country's economy to foreign investment. As a part of the move, it issued oil and gas exploration licenses to Chevron and Shell.
* With the aim of modernizing the country's transport infrastructure, the government is implementing the National Transport Master Plan 2014-2030, for a total investment of MMK26.7 trillion (US$26.8 billion). Of the total, MML11.7 trillion (US$11.7 billion) will be allocated for the development of road infrastructure, MMK6.5 trillion (US$6.6 billion) for rail infrastructure, and MMK8.5 trillion (US$8.5 billion) for inland water, seaport and airport infrastructure.
* With the aim of boosting the country's tourism sector, the government launched the Tourism Master Plan 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 promote further growth, the government is planning to invest MMK469.6 billion (US$486.8 million) to develop 38 projects by 2020, including the modernization of resorts, hotels and roads.
* Foreign investments in the manufacturing sector constituted 18.7% of the total investment approved by the government. The government's aim to promote the country's industrial growth by encouraging foreign investments is expected to drive growth in the industrial construction market over the forecast period
* To boost the country's exports, the government introduced its first National Export Strategy (NES) in March 2015. The strategy aims to support key trade sectors such as garments and textiles, rubber, beans, rice, oilseeds, fisheries and forestry products. In addition, the NES also specifies investments to be achieved for every export category.

Full Report Details at

Report Scope

This report provides a comprehensive analysis of the construction industry in Myanmar. It provides:

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