Foreign Investment Worth $ Over 2 billion Enters Myanmar

Foreign investment in the first four months of this fiscal year was $ 2.1 billion, according to the Directorate of Investment and Company Administration. Hong Kong has made most of its investment in the electricity sector, said U Thant Sin Lwin, Director General of Directorate of Investment and Company Administration.

This amounts to more than $ 800 million over the same period last year. Foreign investment in the four months of the last fiscal year totaled more than $ 1.2 billion. The investments include the power plant construction in Thanlyin and Kyaukphyu townships, industrial sector, transport and communication and hotel sector.

U Thant Sin Lwin estimates that this year's investment is expected to reach $ 5.8 billion. The commission has approved two investments not to cause power outages in summer this month.

The investment in the electricity sector has increased due to the commission’s approval. The Investment Commission has approved a total of 750 billion kyats for local entrepreneurs in four months.

Written by iMyanmarHouse.com team

Credit: iMyanmarHouse.com