HomeMMBIZ NewsSingaporean Investors Consider Moves into Myanmar's Construction Market

Singaporean Investors Consider Moves into Myanmar’s Construction Market

Singapore investors have expressed interest in investing in Myanmar’s construction industry in a meeting with the Myanmar Investment Commission (MIC).

A delegation arriving from the island nation last week, led by Wilmar Investment Holding Vice Chairman George Yeo, met with the MIC on 11 January.

“The Singapore investors suggested that they would like to invest in world-standard hotel constructions in Yangon, Mandalay and Bagan; palm oil refineries in the Thilawa industrial zone; sugar refineries and high-tech industries in Sagaing Division; and rice and rice-product industries in Bago and Irrawaddy divisions,” said an MIC spokesperson in a statement.

In 2011, Singapore firms were involved in 10 of the 26 hotels that were approved for construction by the Ministry of Hotels and Tourism.

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