8/02/2018 ECONOMIC AND CONSTRUCTION BOOM IN MYANMAR PAVES THE WAY FOR FURTHER HVAC DEVELOPMENT
BOOST YOUR BUSINESS IN MYANMAR’S
BOOMING HVACR INDUSTRY
MIVAR 2018– Myanmar’s No. 1 International Ventilation, Air Conditioning, and Refrigeration Show will be back again, even bigger at MEP Mindama in Yangon from 16-18 November 2018. MIVAR 2017 made a signicant impact in delivering key decision makers and buyers in the industry. MIVAR 2018 will build on this success and is expected to bring over 200 international brands including Pavilions representing China, Malaysia, Singapore, Taiwan, India and Thailand, and attract more than 10,000 visitors.
The Asian Development Bank (ADB) forecasted a GDP growth rate of 7.7% in 2017 and 8% in 2018, signalling Myanmar’s high economic growth, spurred by large investments in industrial, building and construction sectors, with the construction industry anticipated to be valued at US$13.5 billion by 2020. This creates a huge demand for M&E equipment and services, particularly in air-conditioning and ventilation systems.