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21 November, 2017
Myanmar will remain a high achiever worldwide, with real GDP growth forecast to average 7.3% a year to 2022. The brisk pace of economic growth will continue to be driven by foreign-invested projects in a number of areas, including:
- energy, where the Government’s ambitious plan to electrify the nation by 2030 prompts innovative generation and distribution methods;
- telecommunications, where the rapid growth of smartphone ownership has reached over 90% of the population in only 5 years;
- transport, where a rapidly growing passenger and freight transport network has already led to accelerated road degradation and lengthy traffic delays; and
- water, waste and sanitation, where rapid urbanisation of Myanmar’s metropolitan centres is creating previously unseen challenges.
The current forecast is that there will be a gap between the funding needed for the ambitious infrastructure growth that Myanmar needs, and the combined local and foreign investment that will be available.
Please click here for the full report.
For further information, please contact:
Jo Daniels, Partner, Baker McKenzie
jo.daniels@bakermckenzie.com
See our full Doing Business In Myanmar Report via this link. https://www.investingmyanmar.com
