Myanmar could be the next Austria, according to Aung Tun Thet, a member of President Thein Sein's National Economic and Social Advisory Council.
"Austria, smack in the middle of Europe, being the sort of corridor to the East, West, South and North. I think we can do the same thing, that we can be the next Austria, linking India and China," he said.
According to Aung Tun Thet, who is also a senior advisor to the UN Resident Coordinator's Office, Myanmar's strategic location between the region's two economic powerhouses of India and China, presents a huge opportunity for the transport and logistics sector.
Myanmar is Asia's latest frontier market, which embarked on political and economic reforms only in 2011. A resource-rich country with a youthful population, this Southeast Asian nation has recently attracted a lot of investor interest.
(Read More: Myanmar to Quadruple Economy by 2030: McKinsey)