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Myanmar sees foreign investment boom

Staff writer |
Myanmar received $2.2 billion in foreign investment in the first four months, with transport and communication sector leading in the line-up, local media reported.

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The transport and communication sector attracted $1.34 billion, followed by the manufacturing sector with $426.8 million, real estate $267.8 million, hotel and tourism $56.9 million and mining $28.69 million.

China stood as the largest investor with over 14 billion dollars, followed by Thailand with more than $10 billion dollars and China's Hong Kong Special Administrative Region with over six billion dollars.

According to the report, the 71 foreign-invested projects in fiscal year of 2013-2014 up to December have created 50,751 jobs for local people.

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