According to the findings of investment opportunity
survey conducted in Rakhine State, fisheries & livestock breeding sector
has the most opportunities to invest, followed by agriculture, manufacturing,
hotels & tourism, forestry, oil & gas exploration, etc.
Rakhine State economy mainly consists of agriculture
(overwhelmingly rice, coconut, and nipa palm), fisheries, and forestry (timber
As well, it possesses tourism potentials in such places
as Mrauk U, the ancient city of Rakhine Dynasty, idyllic Ngapali Beach and
untapped beaches in Gwa Township and Man Aung Island.
“Regarding a better development of the State, the every
level of the State authorities are highly expected to keep in touch with
business circles, in order to facilitate the businesses and to stipulate rules
and regulations for the benefits of businesses,” said a young
businessman U Kyaw Htay Win.
Under the business name Press Seafood Center, his primary
business is seafood processing.
There is also potential for oil and gas. Construction of
deep-sea port and Special Economic Zone is also planned in Kyaukpyu, and rail
and highways have been proposed to link them to Mandalay and, again, to Yunnan
Province, making the State a strategically important location for further
Kaladan Multimodal Transport Project is also underway in
These are the major topics and issues that the
participants of the Rakhine State Investment Fair have explored, which took
place on February 22.
Very importantly to move the State forward, the electric
supply most commonly used in Myanmar is 220V. The electric plugs and sockets
are designed for two pins (round and/or flat) plugs, however UK sockets are
common in hotels.
That’s why, all the attendees are recommended to carry
Converters / Transformer and adaptors.
The Rakhine Yoma (Mountains) rising to 3,063 meters
(10,049 ft) at Victoria Peak, separate Rakhine State from central Myanmar.
Rakhine State has an area of 36,762 square kilometers (14,194 square mile).
There are total of 17
townships and 1,164 village tracts. Sittwe is the capital of Rakhine State.
According to Myanmar Population Census 2014, Rakhine State has total population