Rakhine Opens New Beaches for Hotel, Tourism Investments
Rakhine Opens New Beaches for Hotel, Tourism Investments
Myanmar Times, 26 Feb 2019
URL: https://www.mmtimes.com/news/rakhine-opens-new-beaches-hotel-tourism-investments.html
The Ministry of Hotels and Tourism and the Rakhine State Government will open up new beaches along the Rakhine coast for new hotel projects in order to draw more tourism investments into the state, said U Ye Aung Moe, director of Ministry of Hotels and Tourism.
So far, the ministry has designated the Gyite Taw, Maw Yone and Maung Shwe Lay beaches as new hotel destinations. The beaches are located near Ngapali Beach and Kantharyar Beach in Gwa Township, which is in southern Rakhine.
Currently, an eco-tourism project involving a 150-room hotel is being implemented at Manaung Island, which also has a small airfield, by Manaung Public Company. The firm has been collaborating with Yangon-listed First Myanmar Investment since 2016.
In 2018, more than 60,000 foreign tourists to Rakhine State mainly visited Ngapali Beach and the Mrauk- U historical site.
Investors said that while there are opportunities for beach hotel projects and tourism in Rakhine, one of the barriers to entry is high land prices and poor transport infrastructure, according to a survey conducted by the Myanmar Investment Commission, Rakhine State Government and Myanmar Survey Research.
So far, the ministry has designated the Gyite Taw, Maw Yone and Maung Shwe Lay beaches as new hotel destinations. The beaches are located near Ngapali Beach and Kantharyar Beach in Gwa Township, which is in southern Rakhine.
Currently, an eco-tourism project involving a 150-room hotel is being implemented at Manaung Island, which also has a small airfield, by Manaung Public Company. The firm has been collaborating with Yangon-listed First Myanmar Investment since 2016.
In 2018, more than 60,000 foreign tourists to Rakhine State mainly visited Ngapali Beach and the Mrauk- U historical site.
Investors said that while there are opportunities for beach hotel projects and tourism in Rakhine, one of the barriers to entry is high land prices and poor transport infrastructure, according to a survey conducted by the Myanmar Investment Commission, Rakhine State Government and Myanmar Survey Research.