United States companies will
start investing in Myanmar’s development focusing in sectors such as
education and health according to Alender Feldman, chairman of the
US-ASEAN Business Council who was meeting with President Thein Sein in
Nay Pyi Taw.
China is the biggest investor to Myanmar
this year so far followed by the US, according to the reports of
Directorate of Investment and Companies Administration (DICA).
DICA also said that US companies have
started working in Myanmar since last year and their investment volumes
will likely climb in the coming years.
President Thein Sein said that Myanmar
is rich in natural resources such as oil and gas and can create business
opportunities for foreign investors.
It's geographical position linking India
and China with the rest of South-East Asia makes it a huge potential
market. Since lifting economic sanctions the US has provided programmes
in health and infrastructural development.
Top US companies such as Coca Cola,
Pepsi, General Motor, General Electric, Ford, Visa, Master and Western
Union have entered Myanmar’s market and oil companies are soon planning
to invest here.
source: Eleven Myanmar
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