With rich natural resources, a unique folk culture and improving investment environment, China's Tibet Autonomous Region has drawn the attention of a growing number of investors from home and abroad.

The autonomous region absorbed more than 2 billion yuan (US$241 million) in contractual investment in the first 11 months of this year, and used over 400 million yuan (US$48.36 million), according to statistics from the regional investment bureau.

The region approved 11 foreign-financed enterprises and contractual foreign investment reached US$8.68 million , a year-on-year rise of 89 per cent.

Tibet used US$4.67 million of investment from overseas during the same period, up 59 per cent over last year. Foreign investment expanded into food processing, tourism-related services, catering and recreation, textiles and transportation.

The central government and other provinces and autonomous regions of China have invested approximately 90 billion yuan (US$10. 88 billion) in infrastructure construction over the past decade to boosting local economy and improve local investment environment.

The region has adopted a series of preferential policies and simplified procedures for overseas investors.

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