In the first four months of this financial year, Myanmar approved just over US$154 million in foreign investment, according to the Directorate of Investment and Company Administration.
Despite the modest total, over 90 per cent of this investment has been directed towards two crucial sectors: transport and communications, and manufacturing.
Specifically, this month saw more than US$67 million (over 43 per cent) allocated to the manufacturing sector, over US$82 million (over 53 per cent) to the transport sector, over US$3 million (2.4 per cent) to the electric power sector, US$125,000 to the agricultural sector, and over US$1 million to the livestock breeding sector.
Foreign investment in Myanmar is concentrated in just five sectors: manufacturing, transport, electric power, agriculture, and livestock breeding. Investment figures show US$4.880 billion in 2019-2020 FY, US$3.791 billion in 2020-2021, US$642.084 million in 2021-2022, and US$1.640 billion in 2022-2023. — TWA/TKO
Myanmar approves over US$154M of foreign investment in first four months of financial year
- August 12, 2024
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