Until December this financial year, the telecoms sector is attracting the most investment, according to Aung Naing Oo, secretary of the Myanmar Investment Commission.
“This year, telecoms tops the investment list, followed by manufacturing. But the MIC is still receiving proposals for this financial year,” he added.
More than US$1.62 billion had been invested in telecoms, while manufacturing received more than US$880 million and the energy sector received more than US$600 million.
Until the second week of January, the MIC granted permits to 106 foreign investments worth more than US$4.4 billion, under the Foreign Investment Law. Investment has exceeded US$5.78 billion, according to the MIC.
According to the Special Economic Zone Law, the MIC is allowed to invest US$217.5 million in the Thilawa Special Economic Zone Project this financial year.
Source: Eleven Myanmar
