Investment in Myanmar reaches over 42 billion dollar

Oil and natural gas continue to be the preferred choice of foreign direct investment, followed by manufacturing and public services sectors.

Major investors include Japan, Singapore, China, Britain and Vietnam.

Out of the US$253 million invested from these countries, bout US$190 million accounted for the oil and natural gas sectors. Singapore alson has invested over 49 million dollar in manufacturing.

Most of the foreign directed investments are directed in extracting natural resources and strong drinks while investments for manufacture are relatively low.

Critics say that investing in manufacturing and technology will yield more profit for the country.

Foreign Directed Investments (FDI) (28. Feb. 2013)

Extended Sectors

Categories       Amount    (US Dollar - Million)
      
1.                         Oil and Natural Gas    14372.272
2.                         Manufacturing         2138.325
3.                         Other Services         38.452

253.41 million dollar increased compared to January 2013.

 

source: Eleven Myanmar

http://elevenmyanmar.com/business/2892-investment-in-myanmar-reaches-over-42-billion-dollar