Singapore the top investor in Myanmar hotels and tourism sector

Singapore has become the top investor in Myanmar’s hotels and tourism sector, with a total investment of more than US$ 880 million (Ks 847.44 billion), according to the Myanmar Infrastructure Summit held on Tuesday (March 18).

“Nay Pyi Taw, Mandalay, Bagan and Inlay regions have seen a massive influx of tourists after Yangon,” said Hlaing Oo, Director of the Ministry of Hotels and Tourism. “Due to the enormous flow of tourists, foreign companies have begun making huge investments in the hotel sector, such as with five- and four-star hotels in Yangon. The top investor in this sector is Singapore.”

Singapore stands first with investment totaling US$ 880.46 million, followed by Vietnam with US$ 440 million, Thailand with US$ 235.75 million and Japan with US$ 183.10 million, Currently, 39 projects—14 from Singapore, 10 from Thailand, six from Japan, four from Hong Kong, two from Malaysia and one each from the UK, Vietnam and UAE are under way, with a total investment of US$ 1.91 billion, according to the source.

To develop Myanmar’s hotels and tourism, the country is in urgent need of more hotel rooms. The energy sector tops the list for Myanmar’s foreign investment, followed by oil and gas, manufacturing, mining, and hotels and tourism. A total of 51 foreign companies have made investments in Myanmar’s hotels and tourism sector, reaching a total investment of US$ 1.79 billion.

Source: ELEVEN Myanmar

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”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.


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 ≤ SGD 20, 000 support under the MRA Grant and > SGD 20,000 under the GCP Grant for Singapore companies to venture into Myanmar? To learn more click here.


If you have Request for Quotation (RFQ) or Tender Announcement that you want us to publish for FREE in the Tenders & Awards section of our website please submit to us at tender(at) for our consideration.

Looking for foreign investors to invest in your business in Myanmar