More foreign investments entered in production and industrial sectors and halted in real estate and housing sectors

More foreign investments are entered in production and industrial sectors and halted in real estate and housing sectors, said Thant Sin Lwin, Director General of Directorate of Investment and Company Administration (DICA).

In last five years, most foreign investments entered into hydropower production and natural gas sectors.

At the present, the increase of foreign investment in production and industrial sectors is not noticeable significantly as only small amount of foreign investments entered in those sectors.

“In 2014 and 2015, the foreign investments went double as the investments were made in hydropower production and natural gas sectors. The numbers of CMP manufacturing businesses are increased but their investments are about US$5 or 6 million each. It is not much but the numbers of business are increased,” he said.

A total of 1,725 businesses running under foreign investments have been allowed from 1988-89 FY to 2018-19 FY and the investment volume is over US$80.234 billion.

Myanmar allowed 154 foreign investments worth over US$22 billion (about 28 per cent of total foreign investments) in natural gas and oil sector, 21 foreign investments worth over US$21 billion (about 26 per cent of total foreign investments) in energy sector, about US$11 billion worth of foreign investments (over 13 per cent of total foreign investments) in production sector, over US$10 billion worth of foreign investments (over 13 per cent of total foreign investments) in transportation and communications sector, over 6 per cent of total foreign investments in real estate sector, about 4 per cent of total foreign investments in hotel and tourism sector, over 3 per cent of total foreign other services sector. Foreign investments in agriculture, industrialized housing and construction sectors are under one per cent of total foreign investment in that period.

At the present, only Thilawa SEZ is running under special economic zone law.

More than 110 foreign investments worth over US$1.7 billion in Thilawa SEZ are allowed till at the end of May 2019 in production, trading, other services, transportation, real estate, and hotel and tourism sectors.

The total foreign investments in Myanmar including Thilawa SEZ are reached about US$82 billion from 1988-89 FY to 2018-19 FY.

(Eleven Media Group: https://elevenmyanmar.com/news/more-foreign-investments-enter-in-production-and-industrial-sectors-dica )

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