Myanmar’s automotive sector is widely tipped for takeoff in the year ahead, with strong growth expected and a range of international giants recently making some of their first, concrete moves into the country.
Retail
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Articles & Analysis | Easing of legal restrictions sees influx of used cars and foreign players from The Report: Myanmar 2015
Chapter | Industry & Retail from The Report: Myanmar 2015
While much ground remains to be covered in Myanmar’s industry and retail sectors, its progress to date is remarkable, given the country’s history and the challenges it faces in a highly competitive neighbourhood. Figures from the end of November 2014 show manufacturing coming in third, behind the oil and gas and power sectors, in terms of total investments received. Strong international...
Interviews & Viewpoints | Dominic Myers, CEO, Enhance Operating Companies: Interview from The Report: Oman 2015
How does Oman’s regulatory environment compare with the rest of the region? What measures might be considered to enhance the framework?
Articles & Analysis | Retail space is expanding rapidly and solid growth looks set to continue from The Report: Oman 2015
Standing apart from markets in neighbouring GCC countries, the sultanate’s shoppers are regarded as being price-conscious and value-driven. Lower per capita incomes and a smaller number of high-income expatriates within the context of a more moderate economic development strategy have placed the sector on a unique trajectory in the region. While the market has been...
The Omani retail sector has grown by 7% since 2011 and continues to expand, as large construction projects, predominantly malls and hypermarkets, look set to add more retail space to the sector. The rise in the number of shopping malls, currently numbering 16 in Muscat alone, has coincided with a shift in spending patterns as the population becomes wealthier, while an increasing number of high...
Although the sultanate’s petroleum wealth has traditionally provided a backbone for growth, efforts are well under way to diversify away from hydrocarbons. Oman Vision 2020 has laid out plans to boost industrialisation within the sultanate and to encourage the private sector to take a more active role in the economy and in the provision of jobs, both of which are billed as key drivers for growth.