May 18, 2013

French firm to invest in Myanmar’s tourism industry

French-based Croisi Europe Company will invest in tourism industry in Myanmar, according to Directorate of Investment and Companies Administration-DICA under the Ministry of National Planning and Economic Department.

The company is now operating the tourism industry around the world.

Mr. Patrick Schmitter, the Chairman of Croisi Europe Company, met with the officials from DICA in Nay Pyi Taw last Wednesday and discussed matters on investment opportunities in tourism industry, Myanmar’s Investment law and work procedures.

The international companies have invested over US$ 1,504 million in Myanmar's Hotels and Tourism industry and 3.56 percent of volume of the foreign investment has been invested in 46 projects.

Source: Eleven Weekly Media