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Surge of domestic investment in hotels, tourism accelerating

DagonKhan
in Myanmar General Chat

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Surge of domestic investment in hotels, tourism accelerating

Investment by Myanmar nationals in the hotels and tourism industry has reached nearly US$690 million, making it their third most heavily invested industry, according to the Directorate of Investment and Company Administration (DICA).

Local businesspeople have been pouring money into the industry for the past three years by constructing hotels and related buildings following an easing of licensing by the Myanmar Investment Commission (MIC).

Continues here:- http://www.elevenmyanmar.com/index.php?option=com_content&view=article&id=7372:surge-of-domestic-investment-in-hotels-tourism-accelerating&catid=33:business&Itemid=356

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