BuildTech Yangon, a trade show for the building and construction development sector, will return this year to Myanmar from 27 to 29 May at the Myanmar Convention Centre in Yangon.
Organised by SPHERE Exhibits, a subsidiary of Singapore Press Holdings, and co-organised by Myanmar Construction Entrepreneurs Association (MCEA), the three-day trade show aims to serve the construction development of Myanmar with a focus on infrastructure, residential and commercial buildings, transportation, manufacturing and trading.
The three-day trade show will feature an exhibition of 12,000 square metres showcasing from some 150 exhibiting brands from Germany, Korea, Myanmar, Malaysia, Singapore and Thailand.
U Tha Hthay, chairman of Myanmar Construction Entrepreneurs Association, said: “BuildTech Yangon is an important trade show for the building and construction industry to equip our local professionals with the necessary knowledge and training to excel in the field, especially in areas such as high-rise construction.
“With this trade show, we aim to drive the adoption of new technologies and building materials that will elevate construction industry standards and skills of our workforce, and hasten the further development of key infrastructure, new homes, factories and satellite towns over the next few years.”
Myanmar’s construction industry is growing exponentially with a compound annual growth rate of 14.52 percent from 2009 to 2013, due to the country’s rising population and strong economic growth.
The Myanmar Ministry of Construction targets to build more than one million houses within a period of 20 years to meet the demand for residential real estate. In the second quarter of 2014 alone, the Yangon City Development Committee tripled the number of approvals for high and low-rise buildings in the city as compared to 2013. The encouraging market conditions have spurred many players from the region including companies from Indonesia to invest in this promising market.