Power sector tops Myanmar's foreign investment in seven months of FY 2019-20


  • Myanmar
  • Monday, 25 May 2020

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YANGON: The power sector topped Myanmar's foreign direct investment (FDI) with over US$1 billion of investment capital from six permitted foreign enterprises in first seven months of current fiscal year (FY) 2019-2020, government figures showed on Monday (May 25).

As of April 30 of present FY, Myanmar attracted a total of over US$3.35 billion in foreign investment, according to figures released by Myanmar's Directorate of Investment and Company Administration (DICA) on Monday.

According to DICA's figures, the real estate sector stood second with US$895mil, followed by the manufacturing sector with US$544mil and others.

From FY 1988-1989 to April 30 of FY 2019-2020, which started in October, 26.07% of foreign investment flowed into the country's power sector with capital of over US$22.2 billion, the DICA's figures said.

In last FY 2018-2019, total annual FDI in the country amounted over US$4.15 billion. - Xinhua/Asian News Network
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Myanmar , Power Sector , Big FDI

   

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