Norway, Sweden among 5 countries invested for 1st time in Myanmar this year

Investors from five foreign countries including Norway and Sweden have started investing in Myanmar for the first time, according to the Directorate Investment and Company Administration (DICA). myaninvest

The DICA said the five countries – Norway, Sweden, Switzerland, Samoa and Sri Lanka – haven’t made any investment before but now they have invested more than US$ 82 million in this fiscal year.

Samoan investors have made US$30.21 million investment in three different businesses followed by a Swiss company with US$25 million, a Swedish company with US$ 14.3 million, a Norwegian company with US$11.8 million and a company from Sri Lanka with US$1.25 million investment.

Read more: Eleven Myanmar

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