Albany, NY -- (SBWIRE) -- 05/14/2015 -- Construction in Myanmar - Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into Myanmar construction industry including:

The Myanmar construction industry's growth prospects by market, project type and type of construction activity

Analysis of equipment, material and service costs across each project type in Myanmar

Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Myanmar construction industry

Profiles of leading operators in the Myanmar construction industry

Data highlights of the largest construction projects in Myanmar

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Executive summary

Myanmar's construction industry will continue to grow at a relatively fast pace compared to other emerging markets over the forecast period (2015–2019). The positive outlook for the construction industry is supported by the 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 a compound annual growth rate (CAGR) of 7.4% during the review period (2010–2014), and is expected to post a forecast-period CAGR of 6.0%.

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Scope

This report provides a comprehensive analysis of the construction industry in Myanmar. It provides:

Historical (2010–2014) and forecast (2015–2019) valuations of the construction industry in Myanmar using construction output and value-add methods

Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

Analysis of key construction industry issues, including regulation, cost management, funding and pricing

Detailed profiles of the leading construction companies in Myanmar

Reasons to buy

Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

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Key highlights

Yangon, the former capital and largest city of Myanmar, is the most important commercial center in the country. However, the city's infrastructure is underdeveloped compared to other cities in the South East Asia region. As the regional population is growing, the government is attempting to modernize, improve and expand the infrastructure in the city. According to Yangon City Development Committee (YCDC), the government is helping developers by easing regulations and is more readily approving plans for the high-rise buildings. For the fiscal year 2014–2015 (which runs from April to March), the government approved 7,000 new construction permits.

In a bid to boost affordable housing for low-income workers such as civil servants, the Department of Human Settlement and Housing Development in Myanmar allocated MMK100.0 billion (US$97.0 million) for the construction of 10 affordable housing projects in the Yangoon region for the fiscal year 2015–2016.

With the aim of achieving a target of universal electricity access by 2030, the Asian Development Bank (ADB) launched an ambitious plan to increase reliability and accessibility to electricity services for industrial, commercial, and residential consumers. To support the government, the ADB assisted the expansion, improvement and management of the energy system in Myanmar.

Under the Myanmar transport plan (2012–2016), a series of infrastructure projects will be launched to provide a better-managed and modern transport system. To support this plan, ADB will direct 97.0% of funds towards the development of the country's road infrastructure and the remaining 3.0% towards transport sector reforms and policies.

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