Invest in Myanmar - For Investors Seeking Opportunities in Myanmar
Follow:
Invest Myanmar - The Myanmar Investment Gateway
NEWS BY TOPIC
General Information about Myanmar (1)
Business (131)
FDI in Myanmar (45)
Investments (59)
Macroeconomic Data (4)
Infrastructure (4)
Financial (17)
Economy (37)
Construction (1)
Politics (29)
Real Estate (1)
Investment Legislation (3)
Sports (1)
NEWS BY SECTOR
Telecommunications (27)
Law (14)
Infrastructure (20)
Education (2)
Banking (19)
Jewellery (1)
Stock Market (2)
Agriculture (35)
Real Estate (22)
Mining and Exploration (10)
Construction (29)
Energy (47)
Textile and Fashion (10)
Tourism (23)
Information Technology (11)
Food and Beverage (13)
Electronics (3)
Waste Management (1)
Automotive (9)
Logistics (4)
Renewable Energy (0)

UK to invest in Myanmar's oil, gas and travel sectors

UK TO INVEST IN MYANMAR'S OIL, GAS AND TRAVEL SECTORS
Date: 24/07/2013
Source: Eleven
UK to invest in Myanmar's oil, gas and travel sectors

The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.

The UK invested over US$2659.954 million in March 2011, and the investment is increased to over US$3045.434 million in June 2013. China is still the biggest investor in Myanmar with more than US$14 billion. The UK is standing in 5th place behind China, Thailand, Hong Kong and South Korea.

The UK is making investment in nine sectors in 2013. On June 12 the Myanmar Investment Commission (MIC) gave permission to UK-based Leisure Holdings Asia Ltd. to organise river cruises between Yangon, Mandalay, Began, Banmaw, Mawlite and Homemalin. On May 10 the MIC is also allowed the joint venture of UK based HC (Asia) Holding Co. Ltd. and a Myanmar company to establish a production plant of plastic bottles in Mingalardon Industrial Zone.
During his trip to the UK, Myanmar President Thein Sein invited UK companies to invest more. Myanmar has plenty of natural resources and needs foreign investment to develop into an industrialised country like UK.


Topic: FDI in Myanmar
Did You Know?
Myanmar is very rich in natural resources like petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas and hydropower. ... More

Featured news story
With Myanmar Economy On The Rise, Indian Companies Want To Wrest Business Away From Dominant Chinese Rivals
With Myanmar Economy On The Rise, Indian Companies Want To Wrest Business Away From Dominant Chinese Rivals

Featured Video
Myanma Oil and Gas Enterprise co-organized Myanmar Drilling and Exploration Conference. - Invest Myanmar.biz video
Myanma Oil and Gas Enterprise co-organized Myanmar Drilling and Exploration Conference.

COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
Today on Invest Myanmar
Member Companies: 82
News Stories: 341
Myanmar Videos: 59
Interesting Facts: 29
Factsheets: 9
 © Copyrighted 2012 Invest Myanmar.biz. All rights reserved.  

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.



Crafted by Sofia Web Works®, an Invest Bulgaria company | Turkish Fashion