May 21, 2015

Hopes of US$8 bn to US$11bn investment per annum by 2030.

Directorate of Investment and Company Administration (DICA) director Marlar Myo Nyunt said DICA is working towards securing between US$8 billion to US$11 billion per year in foreign investment by 2030.

“The amount of foreign investment in Myanmar in 2014-15 was US$4 billion and we will work towards receiving investment of US$6 billion per annum from 2016 to 2020, from 2021 to 2025 we hope it will be US$8 billion and then US$11 billion per annum until 2030,” said Marlar Myo Nyunt.

So far the energy sector receives the most foreign investment with natural oil and gas a close second.

The DICA said the production sector came third, after a US$12 billion gap from the oil and gas sector.

The top investor is China, followed by Thailand, Singapore, Hong Kong, the United Kingdom, South Korea, Malaysia, Vietnam, the Netherlands and France.
Myanmar is the second-fastest developing nation in Southeast Asia, largely due to development in the construction, production and services sectors.

The Asia Development Bank targeted the agricultural, construction, education, health care, transport, electricity and communications sectors as the areas in particularly in need of foreign investment.

Source: Eleven Weekly Media