European investment in Myanmar rises

Investment from European countries in Myanmar has increased since last fiscal year, according to the Myanmar Investment Commission.

Investment from European countries reached nearly US$6 billion between April and February this fiscal year, followed by the UK ($4.073 billion), the Netherlands ($989 million), France ($541 million), Luxembourg ($45 million), Switzerland ($14 million) and Norway ($11 million).

Up to the end of February in the 2015-16 fiscal year, China topped the lists of foreign countries with investments in Myanmar.  It stands first with over US$15 billion of investments in 126 projects, which have been developed from 1985 to 2015, followed by Singapore, with over $12 billion in 199 projects.

Foreign direct investment from 43 countries has come into Myanmar, most of it into the country’s oil and gas sector.  The sector has attracted $19 billion into 151 projects, followed by the energy sector with $19 billion investment.

According to the Directorate of Investment and Company Administration under the Ministry of National Planning and Economic Development, Myanmar has received a total of over $23.84 billion in foreign direct investment between the 2011-2012 fiscal year and the 2015-2016 fiscal year.

Source: NG/Union Daily

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.