Myanmar Seeks More Foreign Investment to Boost Growth.

“Myanmar is inviting more foreign direct investment (FDI) to boost growth in the country”, said U Zay Yar Aung, chairman of the Myanmar Investment Commission Tuesday, according to a report by Xinhua on 15 September.

U Zay Yar Aung, who is also the minister of energy, told the Myanmar Global Investment Forum that the country needs large infrastructure investments in power generation, transportation, special economic zones, and resource development, as well as other supporting infrastructure to realize its long-term growth and development.

FDI will almost certainly increase this year and next, particularly as major announcements related to oil and gas tenders, solar power projects and other energy sector investments signal a new influx of business engagement.


Originally from Mizzima

Author: Darvin Tocmo

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