Foreign investments in energy sector surpass US$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 percent 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 per following: 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.