Oil, gas tops Myanmar's foreign investment

By：Xinhua Update：2017-05-25

Foreign Direct Investment in Myanmar's oil and gas sector topped with 22.41 billion U.S. dollars as of the end of April since late 1988, the official Global New Light of Myanmar reported Thursday.

The country's oil and gas sector accounted for over 31 percent of overall FDI, followed by the power sector with 20.5 billion U.S. dollars, transportation and communication sector and manufacturing sector with 8.2 billion dollars each, real estate sector with 3.7 billion dollars, mining sector and hotel and tourism sector with 2.8 billion dollars each.

FDI also entered into livestock and fisheries, agriculture, industrial estate, construction and other services.

According to the figures of the Directorate of Investment and Company Administration (DICA), a total of 656 million U.S. dollars flew into the country in April alone.

Nearly 1 billion U.S. dollars of FDI entered into the country as of the third week of May during the current fiscal year.

The country is expecting over 6 billion U.S. dollars of foreign investment in FY 2017-18.