Mandalay’s new hotel zone get 100 hotels

myanmar yangon property development opportunity

The government has allocated land for foreign investors to build 100 hotels and for local investors to build 192 hotels at the new Tada-U Hotel Zone near Mandalay, officials at the Myanmar Tourism Federation said.

Foreign-invested hotels will be built on 236.5 hectares and hotels built by domestic investors will go on 410ha, the officials told the Myanmar Industrial Zones and Real Estate Development Forum last week.

The Tada-U Hotel Zone covers about 2,221ha and is expected to draw US$560 million in investment. It will be developed by Myanmar Tourism Development Co., Ltd., a company established by the federation.

Shopping malls will be built on 24.6ha while 13ha have been set aside for a banking and financial services zone. The project also includes bus stations, train stations, harbours, golf courses, vocational training schools, a night market, handicraft village, entertainment zone, and sewage treatment factory.

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here