MYANMAR

MYANMAR CONSTRUCTION SEMINAR

(6 MARCH 2014, SINGAPORE)

Building and Construction Sector in Myanmar

Mr Tin Maung Naing
Myanmar Construction Entrepreneur Association (MCEA)
“This is Burma (Myanmar) & it is unlike any
land you know about.”

– Joseph Rudyard Kipling, Letters from the East (1898)

 Topics

1. Myanmar Strategic Potential

2. Foreign Investment in Myanmar
3. Special Economic Zone in Myanmar
4. Greater Yangon Plan
5. Building procedures and regulations
6. Han Thar Waddy International Airport
7. Mandalay TA-DA-OO Hotel Zone Project
8. Banking & Financial Sector Reform
9. Foreign Investment Law
10.Others opportunities in myanmar

 Investment In Myanmar
USD-Million
Country 1989-2012
China 13947
Thailand 9568
Hong Kong 6308
Korea 2938
UK 2659
Singapore 1818
Malaysia 977
France 469
USA 243
Indonesia 241
 Special
Economic Zone
in Myanmar

A. Kyauk-Pyu
B. Thi-La-War
C. Da-wei
 Special Economic Zone Law

• Special Economic Zone Law was approved on 23rd Jan 2014.

• Incentives:

A. 5 years income tax holiday

B. 2nd, 5 years 50% relief on income tax for export

C. 3rd, 5 years 50% relief on income tax for reinvestment

• Exemption for Customs Duty:

A. Imported raw materials, Machinery, Equipment

B. 5 years duty free import for machineries and vehicles

Yangon Land Use & Building Height Zoning Plan

• Low-Density Residential Area

• Medium-Density Residential Area
• High-Density Residential Area
• Mix Use Area
• Commercial & Business Areas
• Industrial & Warehouse Areas
• Port & Related Areas
• Green & Blue Areas
• Government, Institute, Infrastructure Areas
• Urban Heritage Conservation Areas
• Waterfront Special Development Zone
 Building Procedures & Regulations

• Soil Test
• Land ownership to check
• Surrounding Agreement (Left & Right)
• Building Design & Detail Estimate
• Need to sign by PE
• License Contractor
• Local Governor recommendation
• CQHP (Committee for Quality ,High rise building Project)
• To get GREEN BOOK about 2 months
GREATER YANGON PLAN
Ayar Won Projects
Ayar Won Projects
HAN-THA-WADDY INTERNATIONAL AIRPORT
TA-DA-OO HOTEL ZONE PROJECT
Banking & Financial Sector Reforms

• Some Myanmar Banks opened in Neighboring countries.

• Exporters & importers are allowed to do account transfers.
• Representative office of foreign banks are allowed.
• Private bank are allowed to operate Foreign Currency since
25th Nov 2011.
• Floating Exchange rate system introduced on 1st April 2012.
• Private Money Exchange Counters have been allowed.
• Bank interest rate have been reduced.
Foreign Investment Law
 Other Investment Opportunities
• Power generation

• Oil & gas

• Shipping

• Cement factories

• Water supply & treatment systems

• Education & Training

• Hotel & Services

• Construction Machinery
MYANMAR & SINGAPORE
THANK YOU