Home MMBIZ News FDI Almost Triples to $4.1b in FY2013-14

FDI Almost Triples to $4.1b in FY2013-14

Myanmar bagged $4.1 billion in foreign direct investments in the 2013-14 fiscal year which ended in March, almost tripling from $1.4 billion it received in FY2012-13, the Directorate of Investment and Companies Administration’s (DICA) recent data shows.

Injected by 34 countries, the foreign investment in 2013-14 flowed mostly into manufacturing, energy, oil and gas, mining, hotels and tourism, real estate, livestock, fishery and agriculture.

Total FDI from 34 countries in Myanmar now stands at $46 billion, according to DICA statistics.

China still stands as the largest investor with $14 billion in investments in the Southeast Asian country, followed by Thailand ($10 billion) and Hong Kong ($6 billion).

The 71 foreign-invested projects in 2013-14 up to December last year has created over 50,000 jobs for local people, according to DICA.

- Advertisment -

Must Read

MAI Receives Second A320, Taking Its Fleet Size to Seven Aircraft 

Myanmar's leading carrier, Myanmar Airways International (MAI), received its second A320 yesterday. To commemorate the aircraft's arrival from the Netherlands, a celebratory event was...