Home MMBIZ News FDI 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).

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