Prices of imported construction materials have risen in Myanmar during the COVID-19 pandemic

Prices of imported construction materials have risen in Myanmar during the COVID-19 pandemic

Prices of imported construction materials have risen in Myanmar during the COVID-19 pandemic due to supply and logistics challenges, according to local developers.

“Arrivals of imported construction materials have been delayed because of transport and logistics issues. As some construction work cannot be stopped here, we have to buy the required materials in the country at higher prices,” said U Myo Myint, CEO at MKT Construction Co.

For example, brick baking businesses have declined and availability of bricks for projects has declined, leading to a rise in brick prices, said U Myo Myint. – Translated

Source: https://www.mmtimes.com/news/construction-costs-rise-myanmar.html