Myanmar

Engulfing the northeastern portion of the Bay of Bengal and the eastern edge of the Andaman Sea with direct access to the Indian Ocean, Myanmar’s 2,300 km coastline is bejeweled with potential for maritime infrastructure development and prosperity. The country’s 4,000 km of navigable inland waterways also offer key trade potential for its inland population centers. Myanmar’s largest city and most important port, Yangon, sits on its southern coast and handles 90% of maritime trade, comprising over 30 wharfs and a combined 48 berths across 8,441 meters of quay length with the adjacent harbors at Thilawa Port.

Investment in Myanmar is gradually returning, with the Thilawa Special Economic Zone near Yangon Port being a key avenue for Foreign Direct Investment into the country. In 2023, the SEZ attracted US$ 2.2 billion worth of investments from 114 companies representing 21 nations. This accounted for 3.6% of Myanmar’s total GDP in FY 2022-23. Many previously delayed infrastructure projects look likely to resume in 2024, including the long-awaited Kyaukphyu Deep Sea Port and Special Economic Zone project, which would see a US$ 7.3 billion port and US$ 1.3 billion SEZ constructed by China on Myanmar’s west coast as part of the 1,700 km China-Myanmar Economic Corridor.

Want to know more about Myanmar’s sourcing capabilities and investment opportunities? Download your copy of  the Myanmar Country Spotlight!

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