Myanmar is this years treasure trove for recruiters
Myanmar is this year’s treasure trove for recruiters
Myanmar – formerly known as Burma – is this year’s treasure trove for recruiters. The country needs expatriate skills from a wide range of business sectors. Since Myanmar opened its borders to the world last year, it has rapidly attracted massive investment from around the globe. Some recruiters reading this feature benefited last year from supplying expatriate consultants and a local workforce for the pipeline connecting the India Ocean coast of Myanmar with south west China and also for the development of Kyaukpyu port and its industrial zone.
There is only good news for all recruiters maintaining a portfolio of highly skilled candidates as Myanmar embarks this year on various infrastructure and natural resource projects. & lsquo;its international’ now reveals a small selection of those projects:
Myanmar has just announced plans for a dramatic increase in telephone and internet access as it opens the door for foreign firms to enter one of Asia’s last untapped markets with the Communications and Information Technology Ministry about to launch tenders for two nationwide telecommunications service licences to be awarded in the first half of 2013.
Myanmar is accepting bids for 18 onshore oil blocks. The country’s proven natural gas reserves have doubled in the last 10 years to 570 billion cubic meters and it has over 50 million barrels of crude oil reserves. This creates a huge investment opportunity for energy giants to tap into the resource rich nation.
SPCG, a solar farm developer, plans to operate small, renewable solar farms to serve the demand for electricity in Myanmar’s rural communities.
The Mudajaya Group Bhd is making a foray into the independent power business in Myanmar. In the last few days, Mudajaya announced it had signed a memorandum of understanding with the government of Mandalay and IJM Corp Bhd co-founder Datuk Koon Yin for the proposed power plants – the first of which will be coal-fired and the second, a solar-powered plant.
Phol Dhanya plc is expanding its water-treatment business in Myanmar this year after its first project is completed in March