Till 13 February of 2019-2020 fiscal year, Myanmar Investment Commission (MIC) allowed 111 foreign investments worth 1.973 billion, according to a press conference by the Directorate of Investment and Company Administration (DICA).
During the same period, the total FDI including the extension of investments worth 616.956 million US dollars amounted to 2.693 billion US dollars.
Inflows of more FDI from Hong Kong, Singapore and Thailand are expected during this FY, said U Aung Naing Oo, Permanent Secretary of the Ministry of Investments and Foreign Economic Relations.
Nine Asean countries have invested in Myanmar.
Manufacturing businesses accounts for 80 per cent of the FDI at Thilawa Special Economic Zone granted by the MIC under the Special Economic Zone Law while trading represents nearly nine per cent and logistics, around five per cent.
A total of 50 countries have invested in 12 economic sectors in Myanmar. Oil and gas sector accounts for over 27 per cent of the total FDI, the electricity sector for over 26 per cent, the production sector, for over 14 per cent, the transport sector for over 13 per cent, the real estate sector for over seven per cent, the hotel and tourism sector for over three per cent and the mining sector for over three per cent.
