12 September 2017
Myanmar will host the 5th construction, power and mining Myanmar 2017 exhibition in October in Yangon.
Industry players and entrepreneurs are expected to focus on challenges, including technology and infrastructure difficulties and more market exploration - foreign investment issue will also be focused in the exhibition. According to the organizer, over 180 companies from 16 countries will join the exhibition - government to government discussion on rail transportation will be involved.
General Manager, UBM Myanmar, Fraser Hawkes said "… I think legal and legislative processes are always a challenge. I think for mining in particular, there are still a lot of unknown areas that need more clarity. ... And when a country is not clear about certain processes and certain legislation, then it does impact for the foreign investment. Because people are less confident about putting their money into the market. But the positive thing is I think, the government makes huge steps, moving forward especially in construction, and power, and mining industry to give that clarity.... And we believe that a trade exhibition can play an important role in discussing some of these challenges...."
Players from construction industry shared their development plan and challenges.
Board of Secretary, Myanmar Construction & Development Public Company, Ye’ Lin said “Based on the government plan, we are planning to build staff housings in Yangon, Nay Pyi Taw and Mandalay starting from October. We also have plans to build such kind of housings in other regions and states. And, we have plans to construct new motor ways in Ayeyarwaddy region. But still, funding, technology, foreign investment, governmental cooperation and public involvement challenge us.”
Mining entrepreneurs welcomed the exhibition and called for the government’s involvement for further development.
Vice President, Myanmar Federation of Mining Association, Aye Lwin said “New mining law was enacted in 2013 but there are still facts to be discussed and we still don’t have rules and regulations yet. These days, many mining entrepreneurs faced lots of challenges and difficulties due to the cost, forces from civil society organizations and local people. We need to develop infrastructure as well as logistic procedure. The country needs reliable master plan, transparency, rule of law and quality control. It’s so great to have such kind of trade exhibition, and I think we need to get more governmental involvement.”
The exhibition will take place from the 12th to 14th of October at Myanmar Event Park.