Luxembourg invests in Myanmar river cruiser

YANGON – Abercrombie & Kent from Luxembourg has been granted licence to invest in a new river cruiser by the Myanmar Investment Commission on August 15.

Luxembourg, which has not invested in Myanmar in 20 years, provided US$ 5.2 million in cruise liner and other business along Chindwin and Ayeyawady rivers, according to Directorate of Investment and Companies Administration (DICA).

Founded in 1962, Abercrombie & Kent is a leading luxury travel company, providing luxury travel tours to the world’s greatest destinations.

Myanmar Investment Commission is currently scrutinising international firms who want to invest in Myanmar under the new foreign investment law.

Foreign companies are investing mainly in the garment industry as well as hotels and tourism.

Source: ELEVEN Myanmar

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