Maritime trade and tourism in Mon State can level up with better transport and power supply, according to a property market report.Yangon-based Picon-Deed Property Consultants released its study this month on Myanmar’s southern state highlighting how its mineral and natural resources, booming tourism industry and geographical location can capture investments and regional trade.
Mawlamyine, the state capital, and Kyaikhtiyo, commonly known as the Golden Rock, are popular tourist destinations, attracting a growing number of local and foreign visitors. Kyaikhtiyo is the star attraction but Mawlamyine, with its striking riverfront boulevard and diverse downtown area, was not far behind.The fourth most populous city in Myanmar, Mawlamyine is home to the 72-room Hotel Suggati. The waterfront five-storey hotel is owned by Singapore-listed Memories Group, and provides conference rooms, working spaces, a fitness centre and a restaurant
Mawlamyine needs to establish a reliable electricity supply in order to become a hub for value-adding activities to a wide variety of commodities. The state has large plantations of rubber along the Yangon-Mawlamyine Highway but gas-fired power stations have potential for scale up. A number of retail centres can already be found in Mawlamyine compared to other second tier cities. The state government held an investment fair last December to attract foreign and local businesses to invest in agriculture, fisheries, tourism, trade and logistics, manufacturing and infrastructure sectors.The location of Mon State means there is strong potential to leverage on the trade channels with Vietnam, Laos, Cambodia, and Thailand.
Source: Myanmar Times