Home Insider French Entrepreneurs Eye Myanmar’s Infrastructure, Energy and Tourism Sectors

French Entrepreneurs Eye Myanmar’s Infrastructure, Energy and Tourism Sectors

Business magnates from France are expressing their interest to invest in the power and energy sector, infrastructure, construction and hospitality and tourism sector in Myanmar, according to a statement released from UMFCCI (Union of Myanmar Federation of Chamber of Commerce and Industry). In order to promote trade and investment between Myanmar and France, a Memorandum of Understanding (MoU) was signed at the UMFCCI office on May 5, agreeing to cooperate to lure the law-abiding and socially responsible French firms into Myanmar’s investment environment.

Myanmar has received only a small amount of French investment so far. French investment in Myanmar from the 1988-1989 financial year until the 2016-2017 financial year amounted to $542 million.

Singapore is currently the biggest investor in Myanmar, according to the latest statistics from the Directorate of Investment and Company Administration (DICA), released for 2016-2017 financial year that ended on March 31.

The country fetched an investment value of $6.6 billion that fiscal year, a notable decrease from the year earlier that witnessed an investment inflow volume of $9.4 billion.

I got up only to run into the ocean to cool myself off. During the day the beach truly was a great place to be, however, the late afternoon and night were beautiful beyond compare. One night in particular, the sunset was truly a memorable sight. Every sunset I’d witnessed had been great, but this particular evening was my favorite. That night I walked out onto the edge of the rocks. I sat down to gaze at the most beautiful sight I had ever seen. This resort is called ‘Sandin Maw’ shore located in Ramree, Rakhine State. There are many costal fisheries and fishing villages along the resort. The fish are fresh and live squid are available. The beauty of mornings and evenings makes this shore breathtaking. It is really worth seeing. I could see a rough estuary when looking at the ocean with field glasses from the shore. I would admire the stunning beauty of the shore with smooth sand, blue water and coconut trees. Everybody can visit the small fishing villages and local fairs, or explore the countryside by small bike. Moreover, they can also learn a lot of interesting things from the local area. Local fishermen are experts in catching fish in the traditional way, going out in their canoe-like small boats every day for their livelihood and bringing the day’s catch to be sold to the fishmongers waiting along the shore.

The evenings were warm and pleasant. The waves were enormous. They drummed onto the shore. The smell of the sea was unbelievable. It had never been so strong and clear. That evening there was a slight breeze that occasionally rolled in to tickle the back of my neck and send a chill through my body.

During the nights there were fireworks, reggae dancing, a great Ramree feast, and lastly the memorable sunset. I witnessed and learned many great things on that vacation. Sunset over the Bay of Bengal is invidiously a time to appreciate and celebrate Mother Nature’s gifts. That is what Ramree Resort gave to me.