Myanmar Construction Trends Remain Positive

• Proeksa Meas
• 2 November 2017
• Construction Focus
• 3259 Views

A new report on Myanmar’s construction industry predicts a slowing in growth over the next five years following five years of solid positive growth.

Timetric’s Construction in Myanmar – Key Trends and Opportunities to 2021 report showed sustained growth in the period 2012-2016 of 10.33 percent, despite a downturn due to political tensions in 2015-2016, that was driven by public sector investments in infrastructure and residential construction projects.

2017-2021 is forecast to see the slower compound annual growth of 4.56 percent due to ongoing political transitions but with the construction sector nonetheless buoyed by efforts to stimulate the economy through large-scale investment in infrastructure.

Priority projects include the development of airports, seaports, and national electrification.