Under the MIPP, the country will also aim to strengthen ties with neighbouring countries. 

According to the Directorate of Investment and Company Administration, the Myanmar Investment Promotion Plan (MIPP) launch event was held at the Sedona Hotel in Yangon on 18th October 2018 in order to improve responsible investment and to attract more than USD 200 billion over the next 20 years.  

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Colliers International Myanmar believes the country's economic recovery will be aided by sustained inflows of foreign investment,  thereby improving investment sentiment, and continuing strong growth in garment exports and domestic consumption.

In addition, Colliers says "infrastructure construction activities related to upgrading connectivity, and electricity infrastructure such as gas-to-power plants and upgrading the Yangon-Mandalay expressway will help maintain the growth momentum".

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The total number FDI approvals (as of FY2017/18) declined to USD5.7 billion, compared with USD6.7 billion the previous year. This was as a result of no applications in the oil and gas sector, and a sharp drop in the transport and communication sector.

On a more positive note, there has been a diversification of approved FDI projects in FY2017/18, with manufacturing and real estate projects booming by 41.7 percent and 51.7 percent respectively.

Source: Colliers International Myanmar, The Myanmar Times, Directorate of Investment and Company Administration, 

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