Myanmar energy investments exceed $26.5 billion by November 2024
Myanmar’s energy sector had attracted more than US$26.5 billion in foreign investment as of the end of November 2024, accounting for 28.43 % of the total foreign investment, according to figures released by the Department of Investment and Companies Administration (DICA).
In the 2022-2023 FY, from April 2022 to March 2023, the foreign investments in Myanmar by countries were as follows: US$1,158.744 million from Singapore including additional investment, US$1.5 million from Belize, US$1 million from Bangladesh including additional investment, US$161 million from China, US$4.414 million from Taipei including additional 1.545 million from India including additional investment, US$21.476 million from Japan including additional investment, US$53.149 million from R.O.K. including additional investment, US$2.389 million from Samoa including additional investment, US$0.338 million from Seychelles including additional investment, US$4.667 million from Switzerland including additional investment, US$98.350 million from Thailand including additional investment, US$2.056 million from the U.K, and US$0.300 million from Vietnam, according to the DICA.
Within six months of mini-budget period of 2021-2022 FY, the foreign investments in Myanmar by countries were as per following: US$297.349 million from Singapore including additional investment, US$142.137 million from China including additional investment, US$8.641 million from Taipei including additional investment, US$0.497 million from France, US$109.140 million from Hong Kong including additional investment, US$0.550 million from India, US$5.1 million from Indonesia, US$4.530 million from Japan including additional investment, US$0.312 million from Malaysia including additional investment, US$62.693 million from R.O.K including additional investment, US$2 million from Samoa including additional investment, US$1.343 million from Seychelles, US$7 million from Thailand including additional investment, US$4 million from Netherland including additional investment, US$0.335 million from the U.K including additional investment, and US$1.5 million from Nepal, according to a statement from the DICA.
Eleven Media
Asia News Network
