Myanmar gets a $500 million tourism investment boost, funded by Norway
By the dusk in the temple town of Bagan, Myanmar. Photo by Rafat Ali
Myanmar’s tourism infrastructure leaves a lot to be desired, especially as the gold rush is on, and an organized plan overseen by experienced players is the right step.
Excerpt from ADB
The Government of Myanmar, along with the Asian Development Bank (ADB) and the Government of Norway, have launched a Tourism Master Plan which outlines 38 development projects valued at nearly a half billion dollars that will help increase Myanmar’s tourism competitiveness, protect environmentally important areas, and safeguard ethnic communities.
The master plan, funded by the Government of Norway, recommends building tourism-related human resources by strengthening the tourism education and training system, and identifies $44.5 million in new opportunities and partnerships aimed at training tourism workers.
International visitor arrivals are forecast to rise as high as 7.5 million in 2020 — a seven-fold increase from current numbers — with corresponding tourism receipts worth $10.1 billion. Under a high growth scenario, the tourism industry could provide up to 1.4 million jobs by 2020.
Myanmar Tourism Master Plan:
Myanmar Tourism by the numbers: