ZCZC
BCN-27
MYANMAR-FOREIGN-INVESTMENT-INFRASTRUCTURE
Myanmar permits 300 mln foreign investment for infrastructure project
YANGON, April 27, 2019 (BSS/Xinhua) – Myanmar Investment Commission (MIC)
recently permitted over 290.1 million U.S. dollars’ foreign investment
project in the infrastructure sector, the Directorate of Investment and
Company Administration (DICA) said on Saturday.
The investment from Singapore was permitted by the commission for port and
container yard on the build-operate-transfer (BOT) basis and was expected to
create 1,176 employment opportunities for local people.
In first half of the present fiscal year 2018-2019, over 1.87 billion U.S.
dollars of foreign investments from 139 projects entered the country while
the transport and communication sector topped the list with over 680 million
U.S. dollars of investment.
During the period, Singapore was listed as the largest investor with over
1.1 billion U.S. dollars’ investments, DICA’s figures showed.
BSS/XINHUA/HR/1355