YANGON — Myanmar attracted US$2.4 billion in foreign direct investment in the three months since the start of the fiscal year on April 1, show figures from the Directorate of Investment and Company Administration.
It said the Myanmar Investment Commission had approved 46 projects by domestic and foreign firms during the quarter, in such sectors as manufacturing, construction, real estate and hospitality, state media reported.
The FDI target this year is $6 billion, said the state-run Global New Light of Myanmar.
It quoted observers as saying it may be difficult to achieve the target because of a likely lull in foreign investment ahead of the November 8 general election.
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