YANGON, May 15 (Xinhua): Myanmar received US$2.21 billion in foreign investment in the first four months, with transport and communication sector leading in the line-up, local media reported Thursday.
The transport and communication sector attracted $1.34 billion, followed by the manufacturing sector with $426.8 million, real estate $267.8 million, hotel and tourism $56.9 million and mining $28.69 million.
China stood as the largest investor with over $14 billion, followed by Thailand with over $10 billion and China's Hong Kong Special Administrative Region with over $6.0 billion.
According to the report, the 71 foreign-invested projects in fiscal year of 2013-2014 up to December have created 50,751 jobs for local people.
Meanwhile, the Asia Development Bank said recently that Myanmar 's economic growth for 2013-2014 is estimated at 7.5 per cent and the growth is expected to pick up to an annual rate of 7.8 per cent for each of the next two fiscal years.
Myanmar sees boom in foreign investment
FE Team | Published: May 16, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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