Source from: Thai Biz Myanmar Business Information Centre, Original Article
Local engineering firm SafeBiz Engineering Co. Ltd has signed a franchise agreement with Malaysian IPM Engineering Sdn. Bhd on August 11.
The signing ceremony took place at Sedona Hotel and was attended by the Managing Directors of both firms as well as representatives of the Myanmar Engineering Council and Myanmar Engineering Society.
SafeBiz has been very active in Mandalay, Yangon, and Tanintharyi construction consulting and related services since its inception in 2015. The company has joined forces with its ASEAN neighbor to expand its level of technical expertise and better adopt international practices.
“Myanmar’s shift to democracy and an open economy has given rise to a boom in infrastructure and countrywide development construction. Partnering with an experienced international firm positions SafeBiz to better assist national level construction projects with premium quality control and construction safety,” Director Zayar Tin Aye told Myanmar Business Today.
After economic and political liberalization Myanmar companies strived to meet various international standards, a hurdle for firms with untrained workers. Under the agreement, SafeBiz will send several of its Myanmar employees to IPM’s headquarters in Malaysia to receive training in ASEAN and international engineering standards.
“The franchise will be active in early 2018. We are very excited to send staff to Malaysia to receive state-of-the-art industry training,” Zayar Tin Aye added.
“Myanmar has perhaps the largest potential in the common ASEAN market. Development in recent years, liberalization or amendment of outdated laws, and other market indicators lead us to predict a 10% growth in the construction sector from 2017 to 2020,” Ir. Justin Lai, Managing Director of IPM Engineering Sdn, Bhd, said.