The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.
The UK invested over US$2659.954 million
in March 2011, and the investment is increased to over US$3045.434
million in June 2013. China is still the biggest investor in Myanmar
with more than US$14 billion. The UK is standing in 5th place behind
China, Thailand, Hong Kong and South Korea.
The UK is making investment in nine
sectors in 2013. On June 12 the Myanmar Investment Commission (MIC) gave
permission to UK-based Leisure Holdings Asia Ltd. to organise river
cruises between Yangon, Mandalay, Began, Banmaw, Mawlite and Homemalin.
On May 10 the MIC is also allowed the joint venture of UK based HC
(Asia) Holding Co. Ltd. and a Myanmar company to establish a production
plant of plastic bottles in Mingalardon Industrial Zone.
During his trip to the UK, Myanmar
President Thein Sein invited UK companies to invest more. Myanmar has
plenty of natural resources and needs foreign investment to develop into
an industrialised country like UK.
source: Eleven Myanmar
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