Buildtech to Showcase Booming Myanmar

Buildtech to Showcase Booming Myanmar

Build Tech Yangon 2016, Myanmar’s largest building and construction trade show will be held for the third year running in May with an expanded focus reflecting the country’s booming construction sector.

Hosted on 26-28 May at the Myanmar Convention Centre, organised by Sphere Exhibits, a subsidiary of Singapore Press Holdings (SPH), and co-organised by the Myanmar Construction Entrepreneurs Association (MCEA), BuildTech Yangon 2016 has attracted some 120 exhibiting companies. 

The expo will feature four key industry sectors: On-site Construction Machinery and Equipment; Building Materials and Architectural Solutions; Interior Furnishing; and Facilities Management. This is in addition to its array of staple exhibits from the construction machinery building materials and mechanical engineering segments.

This new focus is in line with recent developments in Myanmar’s construction sector which is booming following the opening up of Myanmar’s economy to the world. Meanwhile, increased awareness of construction and workplace safety has given rise to a greater focus on safety and disaster prevention at this year’s BuildTech Yangon. The show will feature exhibitors from Austria, China, Indonesia, Korea, Thailand, Vietnam, Singapore and Myanmar and is expected to attract over 4,500 visitors.

Mr. Chua Wee Phong, Sphere Exhibits’ chairman said the exhibition has grown from strength to strength since its launch in 2013. “…Visitors to BuildTech Yangon will benefit greatly from its holistic approach to solutions for Myanmar’s growing infrastructure. Local professionals are provided access to cutting-edge knowledge, skills, and technology over three trade days which would otherwise take a long time to achieve,” he said.

U Tha Htay, MCEA president said, “The 3rd BuildTech Yangon 2016 is indeed timely, with the new government preparing to take the reins to usher in a new era for the country. With the government prioritising infrastructure development in support of the country’s burgeoning economic growth, infrastructure construction in Myanmar is expected to achieve its fastest growth from the period 2012 to 2016.”

Myanmar’s construction industry is expected to continue growing at a relatively fast pace between 2015 and 2019 compared to other emerging markets. This positive outlook is supported by Myanmar’s expanding economy, increased government investment in public infrastructure, and the rising interest of domestic and foreign real estate developers in constructing residential units to meet the population’s housing demand. In real terms, the industry’s output value recorded an annual growth rate of 7.4 percent during the period 2010 to 2014, and is expected to post have an annual growth of 6 percent from 2015 to 2019, according to a report from research firm Timetric.

According to U Tha Htay, the infrastructure construction sector is the second largest market in the Myanmar construction industry, worth an estimated $765 million. The government\'s focus on improving infrastructure in Myanmar will see major development of new roads, buildings, pipelines and electrical grids. At the same time, a sharp rise in foreign direct investment has seen a big growth in demand for   new office space as well as housing for expatriates.There are many growth opportunities in Myanmar’s building and construction sector and BuildTech Yangon is proud to be part of this growth.

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