Awakening of the tiger
Myanmar’s economy has been rejuvenated with the influx of US$40bn in
foreign direct investment over the last two years with significant progress in
political and economic reforms. The upcoming Thilawa SEZ which will create
130,000 jobs is the key driver for Yoma’s 9,000 unit project, Star City located
just 14km away where availability of quality housing remains limited. With
more than 90% of earnings from property sales in Myanmar and securing
another major integrated development in downtown Yangon, Yoma is the
clear beneficiary of the most exciting frontier markets in ASEAN.
Relationship with SPA and FMI is key edge over competitors
Yoma’s strong relationship with SPA group and FMI gives it a commanding
edge over peers looking to do business in Myanmar, given the strategic need
of strong local partners for business development. This relationship is crucial
for Yoma’s expansion and could potentially unlock further growth for its other
key businesses which are growing. Besides reals estate, these include
automotive business, tourism business, agriculture business as well as the
retail operation including the extensive distribution network acquired recently.