Myanmar’s first free election in 25 years resulted in a victory for Aung San Suu Kyi’s National League for Democracy
Latest articles from Myanmar
The real estate sector took a pounding in 2013, with record lows forecast for foreign investment on a global scale. But on a regional level, the Asia-Pacific is seeing increased investment in the sector in what is thought to be an emerging trend.
Efforts by Myanmar’s government, to encourage FDI and improve the country's international relations, have led global risk analytics company Maplecroft to name it the most improved business environment in 2013.
The race to Myanmar is under way, as investors look to get in early to make the most of one of the world's most intriguing propositions. However, despite making some short-term gains, the country's leaders are eyeing the long game.
Levels of inward FDI into Myanmar have experienced year-on-year increases since 2010.
Free zones are often seen as a cure-all remedy to the problems developing economies encounter when trying to attract FDI. However, the reality is that such projects need careful planning and long-term support if they are to fulfil such wishes, as Barbara Njau discovers.
As Myanmar's international relations continue to improve so too do its FDI prospects, with year on year increases in project numbers since its 2010 government elections.
The first draft of Myanmar's new and mostly liberal FDI law was passed recently and the EU and the US are set to ease the economic sanctions put in place while the country was under the previous military regime. But despite these positive steps, Myanmar's infrastructure remains weak and investors there face a number of obstacles.
Myanmar's economic reform and political change are set to offer further incentives for investors entering the country.
Index shows that significant political reform is necessary in Myanmar if the country is to capitalise on its investment potential.
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