MAR 29

Myanmar Infrastructure Summit 2017

MIS 2017   

Seminar/trade show (noCPF)

  

 

When:

  29 Mar 2017 through 31 Mar 2017

Where:

  Yangon, Myanmar

Website URL:

  http://www.myanmarinfrastructuresummit.com/

Categories:

  Business > Managerial Economics

Event description:

Warm greetings from the Myanmar Infrastructure Summit Secretariat! We are pleased to announce that the 3rd edition of the Myanmar Infrastructure Summit 2017 (MIS2017) is scheduled to be held at Sule Shangri-La, Yangon, Myanmar from March 29th – 31st, 2017. Myanmar’s construction industry is forecast to record rapid growth, at an annual average rate of 10.37%. In real terms, the industry’s value stood at US$8.2 billion in 2015, and is anticipated to value US$13.5 billion in 2020. This growth is supported by the country’s improving economic conditions; mainly depending on government investments in residential, energy and utilities, and public infrastructure projects, as well as a rise in foreign investments. Residential construction is the largest market in Myanmar’s construction industry, accounting for 49.9% of the industry value in 2015. The market rose from US$3.6 billion in 2011 to value US$5.0 billion in 2015, recording a CAGR of 17.89% in nominal terms. The market is forecast to remain the largest, to value US$9.7 billion in 2020. Transportation is the second-largest market, accounting for 19.4% of the industry’s total value in 2015. The market rose from US$1.3 billion in 2011 to US$1.9 billion in 2015, at a CAGR of 20.13%. Accordingly, the government will invest US$26.8 billion under the National Transport Master Plan, allocating funds to road, rail, marine and air transportation projects until 2030. This sector is expected to reach US$4.2 billion in 2020. Supported by the Yangon City Development Committee (YCDC), Mandalay City Development Committee (MCDC) and Myanmar Engineering Society (MES) along with key stakeholders, the Government of Myanmar plans to pursue balanced territorial development with the aim to upgrade its infrastructure capacities to achieve inclusive and sustainable growth as the fundamental of economic development. For further Information, contact Ms. Emmy at +603 27711668.

Posting date:

27 January 2017
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