Home MMBIZ News Contracted FDI Reaches $44 Billion

Contracted FDI Reaches $44 Billion

Contracted foreign investments in Myanmar have reached $44.2 billion as of December 31, 2013, according to official figures from the Directorate of Companies and Investment Administration (DICA).

During January to December, the Myanmar Investment Commission (MIC) has permitted 118 foreign firms to either set up a joint venture with local firms or to establish their own businesses.

The permitted foreign investments were made in sectors such as cigarette manufacturing, brewery, vehicle services, foodstuff processing, IT services, bamboo fibre products and medicines.

The top three foreign investors in 2013 are China, Thailand and Hong Kong.

Power, oil and gas and manufacturing top the list of sectors receiving the highest amount of foreign investments.

- Advertisment -

Must Read

KBZ Bank branch in Yangon downtown area robbed

A KBZ Bank branch located on the Maha Bandoola Road between 47th and 48 streets was robbed by a group of masked robbers this...