Real Estate Investment Drives Myanmar Economy

A booming property market in Myanmar has seen real estate rank in the top three of sources for foreign direct investment in the last year.

USD1.2 billion in FDI flowed into the country’s real estate sector in the fiscal year 2017-2018, trailing only the USD1.7 billion that went into manufacturing in the same period, according to a report by the Directorate of Investment and Company Administration (DICA), according to the Myanmar Times.

Singapore and China were the biggest investors in Myanmar, pumping USD2.1 billion and USD1.3 billion, respectively, or more than 60 percent of approved FDI. The Yangon region received USD2.4 billion or 40 percent of FDI, followed by Mandalay with USD1 billion and Mon State with USD400 million.

- Video Advertisement -

Related Post

A firm in Pursat province turns rubbish into organic fertilizer

A company in Pursat Province is turning waste into organic fertilizer. Save the Lives (Cambodia) Co. Ltd. is licensed to clean, collect, transport, and store solid waste in the area, processing it into natural organic fertilizer. The company’s chairman, Mr. Sy Len, mentioned that they received the right to manage solid waste starting mid-April 2024, […]

China Accelerates High-Speed Mobile Network Development in Cambodia

As Cambodia embarks on its digital transformation, the push for advanced mobile connectivity is gaining momentum with significant Chinese investment. The ambitious initiative aims for 100% high-speed internet coverage in urban centres and approximately 70% in rural areas by 2025. This was confirmed by HE Wang Winpin, the Chinese Ambassador to Cambodia, at the recent […]

Major Textile Industrial Park Construction Launched in Kampong Speu

A groundbreaking ceremony was held on Nov 8th, 2024 for a large green textile industrial park spanning 500 hectares in Chheu Neang village, Taing Sya commune, Phnom Sruoch district. The event was attended by HE Heng Sour, Minister of Labor and Vocational Training, HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Mr. John […]

A Famous French jewelry factory officially opened

Metal Jewelry Cambodia has officially launched its factory, which is dedicated to the production and assembly of metal and plastic jewelry. This well-known French brand received its investment permit in June 2023. The inauguration ceremony took place on November 9, 2024, and was presided over by HE Chea Vuthy, the Cambodian Investment Committee Secretary General. […]

Techo Santepheap Ankoul Beach Road in Kep Province Officially Inaugurated

The Techo Santepheap Ankoul Road construction project, costing USD10 million, has been officially inaugurated in Ang Kol, Kep Village, and Angkor Village, located within Ang Koul Commune of Damnak Chang Eur District, Kep Province. Prime Minister Hun Manet led the inauguration ceremony on November 11, 2024. This project is part of a tourism infrastructure initiative […]

Chinese Company Guoxing vows to invest in industrial parks and agriculture in Cambodia

Guoxing Group, based in China, has expressed its commitment to establishing an industrial park in Cambodia and is exploring investment opportunities in agriculture, particularly in the production of natural fertilizers. This announcement came during a meeting between His Excellency Hun Manet, Prime Minister of Cambodia, and Mr. Li Guolian, President of Guoxing Group, on the […]