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More than $2.5 B of Foreign Investments Enter in May

· Investments,Economy

 

Directorate of Investment and Companies Administration (DICA) announcedthat more than $2.5 billion of foreign investments were permitted during Mayand electricity sector topped the list of investments with over $2.4 billion.Over US$130 million of foreign investments enteredin transportation and telecommunications sector. 

No foreign investment in April according to DICA data.  

More than US$29 billion worth of foreign investments entered Myanmar from2016-17 FY to May 2021. 

The investment amounts in sectors in five-year time are: US$6.461 billionin production sector, US$6.269 billion in transportation andtelecommunication’s sector, US$3.624 billion in real estate sector, US$6.294 billion in electricity sector, over US$806 million in hotel and tourism sector, over US$471 million in livestock and fishery sector, over US$418 million in implementation of industry zone sector, over US$363 million in oil and natural gas sector, over US$191 million in agriculture sector, over US$11 million in mining sector and US$2.737 billion in services sector respectively. 

Source: Eleven Myanmar

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