The Tanintharyi Region government is focusing on promoting investment in hotels and tourism, agriculture and livestock, fisheries, power, mining, and real estate to help boost its economy.This was revealed during the Region Investment Forum on December 7. The event organised by the region’s government and the Myanmar Investment Commission comes on the heels of similar events held in Kachin and Mon over the last several weeks. Tanintharyi located in the south of Myanmar bordering the Andaman Sea to the west and Thailand, to the east is famous for the many islands off its coast.

U Myint Maung said highlighted ecotourism as a sector with strong potential for growth in Tanintharyi. He added that the region also has many opportunities to produce value-added products for the world’s markets and could serve as a gateway to the Greater Mekong sub-region due to its strategic location in the Southern Economic Corridor that encompasses Cambodia, Myanmar, Thailand and Vietnam.The Dawei Special Economic Zone in Tanintharyi will become one of the contributors to enhancing regional coastal development. The hotels and tourism sector is ripe for development and several parties spoke with government officials about investing in the sector.

The Myeik Archipelago (also known as the Mergui Archipelago) in the Andaman Sea is a famous destination and has the potential for further development.The government of Myanmar has made many significant and positive changes in the country’s investment landscape. The reforms have resulted in the country climbing in theWorld Bank’s Ease of Doing Business Ranking to 165th from 171st previously, making it one of the 20 most improved in the report.The regional government is focusing on attracting investors with tax incentives and investment facilitation. The Tanintharyi government says among the strong points of the region for investors are its good infrastructure and roads, tax exemptions of five and seven years for investments in the Dawei SEZ and Dawei Deep Sea Port.

Source: Myanmar Times