Seaside road to connect Ayeyarwady region and Rakhine State – opening opportunities

Seaside road to connect Ayeyarwady region and Rakhine State – opening opportunities

The Ministry of Construction announced, during its fourth year performance press conference, that it is planning to build a 160 kilometers-long seaside road to connect Nga Yoke Kaung beach in Ayeyarwady region to Gwa township in Rakhine. The project
Yangon New World Project, Mya Yeik Nyo suspended

Military cancels multi-million dollar Yangon development

Military officials have announced that they have cancelled the lease agreement for a US$ 500 million mixed-use project in Yangon because the developer had breached the terms of the deal, according to an article in Frontier. The project was being over
Fitch Macro research lower construction industry forecast

Fitch Solutions downgrades construction outlook

Fitch Solutions has downgraded its growth forecast for Myanmar’s construction industry, putting the blame mainly on sluggish economic reforms and the crisis in Rakhine State. Fitch Solutions Macro Research, a unit of the Fitch Group, cut its estima