With Coronavirus (COVID-19) cases rising and political unrest worsening, activity in Myanmar’s construction industry has seen a significant downturn this year, with the industry expected to contract by 7.7% in real terms. The current crisis has had a considerable impact on foreign investment and the progress of many construction projects. In addition to this, the depreciation of the kyat, the currency of Myanmar, has contributed to increasing unemployment, falling living standards and increasing commodity prices. This rise in prices has also affected many production plants and construction projects, which were forced to halt operations due to drastic increases in the cost of raw materials.
However, dependent on a gradual recovery of the economy next year, the publisher expects the industry to record growth of 2.3% in 2022, and register an annual average growth rate of 7.1% between 2023 and 2025, supported by investment in transport infrastructure, energy generation, industrial parks and housing infrastructure projects. The government’s aim to increase nationwide access to the national power grid from 58% in 2020, and 100% by 2030, will further drive investment in electricity infrastructure. Despite this support, however, real output growth is not expected to surpass its pre-pandemic levels until 2024 at the earliest.
In addition to this, to improve employment in the country, in early November 2021, the Myanmar Investment Commission (MIC) approved 13 new investment projects in the sectors, covering agriculture, hotel and tourism, manufacturing and other services, creating 2,972 employment opportunities for locals.
the publisher’s Construction in Myanmar - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into Myanmar’s construction industry, including -
This report provides a comprehensive analysis of the construction industry in Myanmar. It provides -
However, dependent on a gradual recovery of the economy next year, the publisher expects the industry to record growth of 2.3% in 2022, and register an annual average growth rate of 7.1% between 2023 and 2025, supported by investment in transport infrastructure, energy generation, industrial parks and housing infrastructure projects. The government’s aim to increase nationwide access to the national power grid from 58% in 2020, and 100% by 2030, will further drive investment in electricity infrastructure. Despite this support, however, real output growth is not expected to surpass its pre-pandemic levels until 2024 at the earliest.
In addition to this, to improve employment in the country, in early November 2021, the Myanmar Investment Commission (MIC) approved 13 new investment projects in the sectors, covering agriculture, hotel and tourism, manufacturing and other services, creating 2,972 employment opportunities for locals.
the publisher’s Construction in Myanmar - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into Myanmar’s construction industry, including -
- Myanmar’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Myanmar’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Myanmar. It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Myanmar, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
