Myanmar investment reaches $42b in June
Foreign direct investment in Myanmar has reached more than $42 billion from 32 countries by June 2013 as per latest figures from the Myanmar Directorate of Investment and Companies Administration.
In June 2013 alone, the up-and-coming investment hotspot received $423 million in foreign investment, $379 million of which came from Thailand. Singapore’s investment totaled $23.6 million in the month, Britain invested $15.8 million, China $4.1 million and India $9.6 million. Most of the newer investments went into the manufacturing and hospitality sectors. In previous years, foreign firms invested preferably in sectors such as oil and gas, mining and electric power.
In 2012, last year, 94 foreign enterprises invested over $1.42 billion in Myanmar. Overall, China was Myanmar’s biggest investor so far with $14 billion.
The next big push will come from telecom companies Telenor and Oredoo which have been granted a mobile phone license each in June, and upcoming tenders in the oil and gas sector.
Foreign direct investment in Myanmar has reached more than $42 billion from 32 countries by June 2013 as per latest figures from the Myanmar Directorate of Investment and Companies Administration. In June 2013 alone, the up-and-coming investment hotspot received $423 million in foreign investment, $379 million of which came from Thailand. Singapore’s investment totaled $23.6 million in the month, Britain invested $15.8 million, China $4.1 million and India $9.6 million. Most of the newer investments went into the manufacturing and hospitality sectors. In previous years, foreign firms invested preferably in sectors such as oil and gas, mining and electric power. In...
Foreign direct investment in Myanmar has reached more than $42 billion from 32 countries by June 2013 as per latest figures from the Myanmar Directorate of Investment and Companies Administration.
In June 2013 alone, the up-and-coming investment hotspot received $423 million in foreign investment, $379 million of which came from Thailand. Singapore’s investment totaled $23.6 million in the month, Britain invested $15.8 million, China $4.1 million and India $9.6 million. Most of the newer investments went into the manufacturing and hospitality sectors. In previous years, foreign firms invested preferably in sectors such as oil and gas, mining and electric power.
In 2012, last year, 94 foreign enterprises invested over $1.42 billion in Myanmar. Overall, China was Myanmar’s biggest investor so far with $14 billion.
The next big push will come from telecom companies Telenor and Oredoo which have been granted a mobile phone license each in June, and upcoming tenders in the oil and gas sector.
