Yangon: Myanmar is keen to develop new tourism destinations. Minister of Hotels & Tourism, U Ohn Maung, is trying to attract funding for proposed tourism projects.
It is disclosed that the Mergui Archipelago is one destination that needs international investment and Myanmar government has called on international companies to invest in its up-and-coming tourism industry.
Speaking at the ASEAN Tourism Forum (ATF) in Singapore, Myanmar’s Minister of Hotels & Tourism, U Ohn Maung, said that off-the-beaten track destinations, including the Mergui Archipelago, are ripe for development.
We have fantastic tourism destinations that need to be served with world-class hotels and resorts, unique travel experiences, and better infrastructure, U Ohn Maung said at the trade show in Singapore.
According to figures from Myanmar’s Ministry of Hotels & Tourism, foreign direct investment in tourism projects reached almost US$3 billion in 2016. Singapore (US$1.6bn) is Myanmar’s biggest investor, followed by Thailand (US$445 million) and Vietnam (US$440m).
And new investment regulations set to take effect this year will see the Myanmar government offered preferential treatment of investors in the tourism sector.