MYANMAR 8 BUILD

THE MYANMAR CONSTRUCTION SECTOR

• AFTER GROWTH RATES OF MORE THAN 10 PERCENT IN RECENT YEARS, THE MYANMAR CONSTRUCTION SECTOR IS READY FOR LARGE INVESTMENTS. IN 2018, THE CONSTRUCTION INDUSTRY HAD A VALUE OF MORE THAN US$ 9.5 BILLION. THIS IS A SHARE OF AROUND 16.5 PERCENT OF THE COUNTRY’S GDP AND A MAJOR DRIVER OF THE COUNTRY ECONOMY.
• BOTH OF THE MAJOR ECONOMIC CENTERS OF THE COUNTRY, YANGON AND MANDALAY, HAVE A STRONG DEMAND FOR MIDDLE-CLASS CONDOMINIUMS. THE DEMAND IN MANDALAY IS ESPECIALLY HIGH FOR PROPERTY WORTH AROUND US$ 300,000. YANGON’S POPULATION IS ESTIMATED TO GROW BY 3 MILLION WITHIN THE NEXT TEN YEARS REQUIRING MASSIVE HOUSING INVESTMENTS.

THE MYANMAR INFRASTRUCTURE SECTOR

• THE ASIAN DEVELOPMENT BANK (ADB) ESTIMATES THE INFRASTRUCTURE GAP BETWEEN NOW AND 2030 TO BE WORTH US$ 120 BILLION. ALL INFRASTRUCTURE SECTORS LIKE ROADS, RAILWAYS, HARBORS AND AIRPORTS REQUIRE MASSIVE INVESTMENTS WHERE INTERNATIONAL DEVELOPERS CAN GET INVOLVED WITH JOINT VENTURE OPERATIONS OR AS A SUPPLIER.
• WITH MORE FOREIGN BUSINESSES EYEING THE LOCAL MARKET, INDUSTRIAL AREA DEVELOPMENT IS A MAJOR DRIVER OF CONSTRUCTION. THREE SPECIAL ECONOMIC ZONES CLOSE TO YANGON, KYAUK PHYU AND DAWEI ARE CURRENTLY BEING DEVELOPED. FURTHER, SEVERAL INDUSTRIAL PARKS ARE PLANNED IN THE COUNTRY WHILE IN YANGON INDUSTRIAL PARKS ARE ALREADY UNDER CONSTRUCTION.