Soilbuild Construction secures US$9.4m contract in Myanmar

1 min readUpdated May 27, 2025Feb 4, 20163:00 AM

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Soilboild Construction Group announced on Tuesday that it has attained a design and build contract worth about US$9.4 million to carry out addition and alteration works at St John Shopping Center in Yangon, Myanmar.

The project was awarded by a joint venture between two companies in Myanmar which have activities in retail and real estate development.

Construction on the project is expected to commence in the first quarter of this year and will likely be completed within eight and a half months.

Executive director of Soilbuild Construction Ho Toon Bah said: “We are hopeful that Myanmar will continue with its economic reforms that would create significant growth opportunities to various industrial sectors whereby the group could offer our construction expertise and contribute to the country’s well-being. The group will strive to strengthen its business presence in Myanmar and to execute its expansion plan there progressively.”

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What this means

Soilbuild's entry into Myanmar's retail construction market presents a calculated risk. The US$9.4 million contract with a local joint venture suggests a cautious, yet strategic, expansion into a frontier market previously overlooked by major regional developers. This contrasts with more established retail property development seen in other parts of Asia. While Soilbuild anticipates further economic reforms and growth opportunities, political stability remains a significant factor that could impact project timelines and profitability. The company's stated intent to progressively strengthen its business presence in Myanmar indicates a long-term play, but future investment levels will hinge on the initial project's success. Watch for Soilbuild's next contract announcement in Myanmar.

Sarah Chen

Questions & Answers

What kind of work will Soilbuild Construction be performing at St John Shopping Center?

Soilbuild Construction will be carrying out addition and alteration works at the St John Shopping Center. This is part of a design and build contract they have secured in Yangon, Myanmar.

When is construction expected to begin and how long will the project take?

Construction on the project is expected to commence in the first quarter of this year. The work is likely to be completed within eight and a half months from the start date.

Who awarded the contract to Soilbuild Construction Group?

The contract was awarded by a joint venture between two companies based in Myanmar. These companies are involved in both retail and real estate development activities.

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