HomeMMBIZ NewsFDI over $2b in First Four Months

FDI over $2b in First Four Months

Myanmar received $2.21 billion in foreign investment in the first four months led by the transport and communications sectors, Directorate of Investment and Company Administration (DICA) data shows.

Transport and communications sectors attracted $1.34 billion in investment followed by manufacturing sector at $426.8 million, real estate at $267.8 million, hotel and tourism at $56.9 million and mining $28.69 million.

Major investments during this period came from China, Hong Kong, Singapore, South Korea, Malaysia and the United Kingdom, according to DICA data.

A total of 71 foreign-invested projects in 2013-2014 fiscal year up to December have led to the creation of 50,751 jobs for locals, DICA said.

Total foreign investment in Myanmar has reached $46.5 billion by the end of April. Largest investors in Myanmar are China with over $14 billion, Thailand (more than $10 billion) and Hong Kong (over $6 billion).

- Advertisment -spot_img

Must Read

Ooredoo adopts new brand positioning

Recently, Ooredoo Myanmar changed their brand logo on Facebook baffling the users amid rumours that Ooredoo Group was planning to sell its Myanmar branch. But...