Myanmar plans to invite foreign investments in Thandwe Hotel Zone Project

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Myanmar government is planning to invite foreign investments to invest in the Thandwe Hotel Zone Project in Rakhine State so as to make it a perfect tourism destination in the western part of Myanmar, said Aung Zaw Win, Director General at the Ministry of Hotels and Tourism.

The director general said this is in accordance with President Thein Sein’s guidelines and the government has budgeted a total of Ks5 billion (about US$5.2 million) to spend on the project.

“The President wants the Ngapali Beach in Thandwe to [be modern] like the Bali Beach. Infrastructural buildings are the key to it. Therefore, the Ministry of Hotels and Tourism is planning to invite foreign investments for it,” said Aung Zaw Win.

He added that there will be two main parts in the project_ one is the constructions and development such as building roads by the regional government, and another is the environmental conservation.

In planning civil and beach projects in Thandwe Hotel Zone, local and foreign experts will cooperate each other, the Ministry of Hotels and Tourism said in a press statement.

The project will start in the financial year 2013-14, according to the Rakhine Region’s government. Another similar hotel zone project in Mrauk U will also begin before 2015.

Myanmar is expecting a significant growth in tourism industry. The Ministry of Hotels and Tourism estimated that as much as 3 million tourists will visit Myanmar in coming years.

The government is therefore working on expansion of hotel zones in major tourist sites such as in Shan and Kachin State, as well as constructing high-class hotels in Yangon city, the economic hub of Myanmar.

Source: ELEVEN Myanmar

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