Power sector tops Myanmar's foreign investment in 7 months of FY 2019-20

Source: Xinhua| 2020-05-25 16:26:18|Editor: huaxia

YANGON, May 25 (Xinhua) -- The power sector topped Myanmar's foreign direct investment (FDI) with over 1 billion U.S. dollars of investment capital from six permitted foreign enterprises in first seven months of current fiscal year (FY) 2019-2020, government figures showed Monday.

As of April 30 of present FY, Myanmar attracted a total of over 3.35 billion U.S. dollars' foreign investment, according to figures released by Myanmar's Directorate of Investment and Company Administration (DICA) on Monday.

According to DICA's figures, the real estate sector stood second with 895 million U.S. dollars, followed by the manufacturing sector with 544 million U.S. dollars and others.

From FY 1988-1989 to April 30 of FY 2019-2020, which started in October, 26.07 percent of foreign investment flowed into the country's power sector with capital of over 22.2 billion U.S. dollars, the DICA's figures said.

In last FY 2018-2019, total annual FDI in the country amounted over 4.15 billion U.S. dollars. Enditem