Why invest in Myanmar?
1. Political & Economic Reforms
The country is in the midst of political and economic reforms. Recent changes to the Foreign Investment Law improved its clarity and enhanced its attractiveness for foreign investors. Asian Development Bank expects Myanmar to become a middle-income nation by 2030 with an average annual growth rate of 7-8 percent for the next decade.
2. Strategic Location
Myanmar, second largest country in Southeast Asia, has a population of over 59 million. It has a geo-strategic location, bordering China, India, Bangladesh, Thailand and Laos. Once the country is opened up, it has great potential to become a prosperous trading hub in ASEAN.
3. Potential in property market
The supply situation in Myanmar is very tight, attributed by the lack of new project development over the past few decades. A one-bedroom serviced apartment can be leased for about US$2,000 per month, comparable to many metropolitan cities around the world. Due to the latest development in the country with expatriates and companies rushing in to invest, investors could gain first-mover advantage should the country continues to open up to the outside world.
Source: OrangeTee.com retrieved 22 Aug 2014
