Singapore makes highest investments in hotels, commercial complexes

March 11, 2018

SINGAPORE brought in foreign investments worth US$1.79 billion into hotels and commercial complexes, followed by Thailand with $446 million, according to statistics provided by the Hotels and Tourism Ministry.

Singapore invested in 29 hotels and apartments, while Thailand invested in 11 hotels and apartments.

Some 56 foreign projects of hotels and commercial complexes with an estimated capital of some $3.08 billion were registered by the Hotels and Tourism Ministry, with some 33 buildings completed, 11 under construction and 12 granted permits by the Myanmar Investment Commission. Viet Nam, Hong Kong, South Korea, Japan, Malaysia, the United Kingdom, Luxembourg and UAE also invested in hotels and commercial complexes in the country. Singapore has made foreign investments worth $1.8 billion in Myanmar, with 35 projects as of January of the current fiscal year.

Ko Khant

Ref; The Global New Light of Myanmar