Building Boom in Myanmar, Cambodia

TRUCTION CLOSE TO PHNOM PENH'S OLYMPIC STADIUM, PART OF A FAST-CHANGING CITY LANDSCAPE
TRUCTION CLOSE TO PHNOM PENH'S OLYMPIC STADIUM, PART OF A FAST-CHANGING CITY LANDSCAPE

CONSTRUCTION CLOSE TO PHNOM PENH’S OLYMPIC STADIUM, PART OF A FAST-CHANGING CITY LANDSCAPE

Building and construction trade show BuildTech Yangon is set to expand in 2015 to meet the demands of Myanmar’s growing construction sector. The three-day trade show focuses on infrastructure, residential and commercial buildings, transportation, manufacturing and trading.

The event includes a 12,000- sqm exhibition space with equipment from more than 150 companies on display, along with business seminars to encourage the adoption of building technologies in Myanmar, as well as potential growth opportunities in the CLMV (Cambodia, Laos, Myanmar, Vietnam) countries.

From 2009 to 2013, the country’s construction industry registered a compound annual growth rate of over 14 percent, according to Sphere Exhibits.

Cambodia has seen similar growth, with more than 1,640 construction projects worth a total of $2.8 billion approved in 2013, and a 31 percent increase in inward investment capital, says the company.

“The CMLV countries are expected to grow at a robust pace over the medium term until 2018,” says Sphere chairman Chua Wee Phong. “Following the success of our first trade show last year, we are seeing greater interest from building and construction industry players to bring the latest technologies and innovative solutions at BuildTech Yangon 2015.”

Organised by Sphere Exhibits and co-organised by Myanmar Construction Entrepreneurs Association, the event will be held from April 2 to 4 at the Myanmar Convention Centre, Yangon.

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