Investors have pumped in more than K26 billion and US$38.865 million into permitted hotels and guest houses this year, said Naw Pan Thinzar Myo, the Yangon Region Minister for Kayin Ethnic Affairs and the vice chairperson of the regional Tourism Committee.
The 2nd Yangon International Motor Show featuring several international car brands, including BMW, Ford, Mercedes-Benz, Nissan, Suzuki, Toyota, and Volvo, began yesterday at the Yangon Convention Centre (YCC).
As this is the time for multi-purpose development of the commercial city of Yangon, high-rise buildings of international standards and hotels, economic centers and shopping malls have emerged in every corner of Yangon. Some are under construction; some have completed their constructions. Now the biggest trading center in Myanmar by the name of wholesale Seamanea Yangon has started its construction and is expected to open soon.