Myanmar attracts 237 mln USD foreign investment in first two months

13:12, June 11, 2010      

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Myanmar attracted 237 million U.S. dollars' foreign investment in the first two months of this calendar year, according to the Central Statistical Organization Friday.

The investment was injected by Malaysia in three oil and gas projects, the sources said without giving the details.

The Malaysian investment has brought Myanmar's total foreign investment in the fiscal year 2009-10 which ended in March to nearly 314.85 million dollars, the figures show.

The 2009-10 foreign investment also includes that from the United Arab Emirate (UAE) countries with 41 million dollars in oil and gas, Thailand with 15.25 million dollars in hotels and tourism, China with 15 million dollars in mining and China's Hong Kong with 6 million dollars in manufacturing.

In 2008-09, a total investment of 984.996 million dollars was injected into Myanmar, registering nearly six times that of 2007- 08's 172.72 million dollars.

According to official statistics, total foreign contracted investment in Myanmar hit 16.05 billion dollars up to this February since the country opened to such investment in late 1988.

Of the total foreign investment coming from 31 countries and regions, Thailand was leading with 7.422 billion dollars, accounting for 47 percent, the figures show.

Their investments were respectively injected into 12 economic sectors opened for foreign investment by the government which are electric power, oil and gas, manufacturing, real estate, hotels and tourism, mining, transport and communications, livestock breeding and fisheries, industry, construction, agriculture and services sector.



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