WHY INVEST IN MYANMAR? - 1 (Credit)

Growing in a growing economy

DICA warmly invites responsible investors to pursue business opportunities that help grow and shape the “New Myanmar” and accelerate the realization of national development goals through sustainable economic development on a countrywide scale.

Myanmar’s economy has continuously grown at approximately 8% since 2012. Over FY 2014-15, a GDP increase of 8.7% has been mainly driven by developments and investments in the telecommunication sector (57.5%), extractive industries (50.5%), oil and gas (36.1%), construction (15.9%), manufacturing (9.7%) as well as growth in key service industries (e.g. tourism). (=percentage increase of the absolute GDP contribution of the sector)
Myanmar’s overall growth strategy is built on a complementary mix of policies to simultaneously enable modernization in industry, agriculture and infrastructure, a diversification of the export basis and the expansion of value-added production for domestic and international markets.
Three costal Special Economic Zones in Thilawa, Kyaukphyu and Dawei with particular investment incentives, simplified processes for investors and industrial facilities at international standards will become “growth engines” of the New Myanmar.
In addition, growth along economic corridors with old (Yangon and Mandalay) and new development nodes (e.g. Bago, Hpa An, Sittwe, Myitkyina and border towns) is fostered.
Economic growth has led to the emergence of an increasing middle class and a significant increase in per-capita consumption of 10.9% (during FY 2013-14). Increasing opportunities open up for the FMCG industry and service industries (e.g. private education institutions, entertainment).