Data Matters No. 46
Myanmar has attracted more than USD 5.4 billion in foreign investment within over two years since the coup. Of these, 70 percent (approximately USD 4 billion) is directed to the energy sector. The extent of foreign investment in the energy sector includes USD 2.5 billion – part of China’s Mee Lin Gyaing LNG Power project, which was approved in May 2021. Additionally, over USD 700 million was invested in the energy sector in July 2022. The identity of the investor(s) is currently unknown. Overall, foreign investments have declined since the coup. During the 2019- 20 fiscal year before the coup, foreign investment exceeded USD 5.5 billion. The combined value of foreign investments in the two fiscal years following the coup remains lower than the total value of the investments made in the year prior to the coup.
