Malaysia’s Matrade eyes construction projects in Myanmar

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Myanmar construction1The Malaysia External Trade Development Corp (Matrade) targets $125 million worth of construction projects in Myanmar for Malaysian companies. In a statement on March 12, Matrade said the projects include residential, commercial, industrial parks and mixed developments such as hotels, office buildings and shopping malls. The projects are owned by government-related agencies and private entities identified by Matrade, it said.

“Malaysian firms are in the best position to contribute to the development in Myanmar due to outstanding track record in undertaking various construction and infrastructure projects globally,” said Matrade.

Last year, Matrade said, projects worth around $100 million were identified, adding Myanmar offers huge business potential and opportunities, especially in the infrastructure and property development sector.

“There is a surge in demand for modern residential and commercial properties due to the people’s changing lifestyles and foreign investors’ influx into the country,” said Matrade.

Infrastructure development is given the highest priority by the government thus improving the social well-being of Myanmar citizens, it added.

Nine Malaysian construction companies will be joining a Matrade Specialised Marketing Mission to Myanmar on March 17-21, to meet project owners and assess projects that have been identified, as well as to participate in the Myanmar Infrastructure Summit and Exhibition in Yangon, the commercial capital.



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The Malaysia External Trade Development Corp (Matrade) targets $125 million worth of construction projects in Myanmar for Malaysian companies. In a statement on March 12, Matrade said the projects include residential, commercial, industrial parks and mixed developments such as hotels, office buildings and shopping malls. The projects are owned by government-related agencies and private entities identified by Matrade, it said. "Malaysian firms are in the best position to contribute to the development in Myanmar due to outstanding track record in undertaking various construction and infrastructure projects globally," said Matrade. Last year, Matrade said, projects worth around $100 million were identified,...

Myanmar construction1The Malaysia External Trade Development Corp (Matrade) targets $125 million worth of construction projects in Myanmar for Malaysian companies. In a statement on March 12, Matrade said the projects include residential, commercial, industrial parks and mixed developments such as hotels, office buildings and shopping malls. The projects are owned by government-related agencies and private entities identified by Matrade, it said.

“Malaysian firms are in the best position to contribute to the development in Myanmar due to outstanding track record in undertaking various construction and infrastructure projects globally,” said Matrade.

Last year, Matrade said, projects worth around $100 million were identified, adding Myanmar offers huge business potential and opportunities, especially in the infrastructure and property development sector.

“There is a surge in demand for modern residential and commercial properties due to the people’s changing lifestyles and foreign investors’ influx into the country,” said Matrade.

Infrastructure development is given the highest priority by the government thus improving the social well-being of Myanmar citizens, it added.

Nine Malaysian construction companies will be joining a Matrade Specialised Marketing Mission to Myanmar on March 17-21, to meet project owners and assess projects that have been identified, as well as to participate in the Myanmar Infrastructure Summit and Exhibition in Yangon, the commercial capital.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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