Myanmar has approved more than $154 million in foreign investment for the first four months of the fiscal year 2024-25, according to recent reports. This period, from April to July, saw significant inflows into various sectors of the economy.
During these four months, the manufacturing sector received over $67 million. The transport sector attracted more than $82 million, while the electric power sector saw an investment exceeding $3 million. Additionally, the agricultural sector garnered $125,000, and the livestock breeding sector received over $1 million.
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Notably, over 90 percent of this foreign investment in Myanmar was concentrated in two primary areas: transport and communications, and manufacturing. This strong focus highlights the critical sectors driving Myanmar’s investment landscape.
Foreign investments in Myanmar are primarily directed towards five key sectors: manufacturing, transport, electric power, agriculture, and livestock breeding. This targeted approach reflects the country’s strategic priorities for economic development and infrastructure enhancement.
For context, Myanmar saw a total of $1.64 billion in foreign investments during the fiscal year 2022-23. The current figures demonstrate a continued interest in the country’s economic potential, despite global and regional challenges.
In summary, Myanmar’s approval of over $154 million in foreign investments from April to July signals robust economic engagement. The emphasis on transport and manufacturing indicates where the country is likely focusing its growth efforts. As Myanmar moves forward, these investments could play a crucial role in shaping its economic landscape.