Mandalay is booming on the back of rising international investment and government efforts to foster the northern city as an engine of national growth. Local officials expect the economy to grow by 8.1% in 2019, outpacing national GDP growth of 6.1% and the city’s 2018 growth rate of 7.2%, the regional chief minister, U Zaw Myint Maung, told...
Construction activity has increased significantly in Myanmar as the country works to address gaps in transport and power infrastructure, as well as an affordable housing shortage. The creation of several economic zones aimed at attracting investment and new cities over the coming years is expected to further the expansion. Cooperation with...
In recent years Myanmar’s real estate market has been hampered by oversupply, regulatory uncertainty, and an absence of consumer financing or avenues for international investment. However, as market conditions improve, new laws and regulations governing the development and sale of condominiums to foreigners, along with greater flexibility in...
Despite being Myanmar’s most valuable export commodity, there is still an imbalance in the supply and use of gas. The country produces 1.8bn standard cu feet (scf) of natural gas per day, but consumes just 100m scf per day. In addition, there is an extensive network of natural gas pipelines that run through most of the energy demand hubs in...
In addition to being crucial to economic activity, Myanmar’s energy and power sector continues to be one of the main drivers of foreign investment as the country looks to develop its national electricity grid. As of October 2019 the amount of foreign direct investment (FDI) approved by the government in the energy sector for that year stood at...
Although Myanmar’s installed generation capacity is 5 GW, actual generation capacity sits between 2.9-3.1 GW. With the Ministry of Electricity and Energy (MoEE) predicting that daily demand will increase by another 1.5 GW over the next few years, the authorities are looking at avenues to boost production levels. The World Bank expects demand...
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