Feb 17, 2015

Norway, Sweden, Sri Lanka, Samoa and Switzerland new investors in Myanmar

Investors from five foreign countries including Norway and Sweden have started investing in Myanmar for the first time, according to the Directorate Investment and Company Administration (DICA).

The DICA said the five countries – Norway, Sweden, Switzerland, Samoa and Sri Lanka – haven’t made any investment before but now they have invested more than US$ 82 million in this fiscal year.

Samoan investors have made US$30.21 million investment in three different businesses followed by a Swiss company with US$25 million, a Swedish company with US$ 14.3 million, a Norwegian company with US$11.8 million and a company from Sri Lanka with US$1.25 million investment.

A total of 26 countries have invested more than US$36 billion in the country as of March 2014.Last December foreign investment amount was more than 42 billion from a total of 31 countries.

Source: Myanmar Britain Business Association