8/2024 Meeting of Myanmar Investment Commission Approves 8 New Investments

The 8/2024 meeting of the Myanmar Investment Commission (MIC) was held on 30th September in Nay Pyi Taw, attended by Deputy Prime Minister and MIC Chairman General Mya Tun Oo and members. During the meeting, the commission allowed eight new investments in industrial, service, oil and natural gas, transport and communication sectors, including increasing the capital of the ongoing investment activities and the manufacturing and sale of various electric vehicles. The investment amount of these businesses reached US$9.255 million and over K46 billion, creating 1,972 job opportunities.

Among 53 countries and territories that have invested in Myanmar until the end of August 2024, the most investments were from Singapore, China and Thailand.  Among the 12 economic sectors, the sectors most invested in are the energy sector, with 28.43 per cent of the total investment, the oil and natural gas sector, with 24.39 per cent, and the manufacturing sector, with 14.46 per cent, it is reported.

Source: GNLM (1-10-2024)

  • During the meeting, the commission allowed eight new investments in industrial, service, oil and natural gas, transport and communication sectors.
  • The investment amount of these businesses reached US$9.255 million and over K46 billion, creating 1,972 job opportunities.
  • Among 53 countries and territories that have invested in Myanmar until the end of August 2024, Singapore, China and Thailand are the leading investors.
  • Among the 12 economic sectors, the sectors most invested in are the energy sector, with 28.43 percent of the total investment, the oil and natural gas sector, with 24.39 percent, and the manufacturing sector, with 14.46 per cent.
engdate: 
Thursday, October 3, 2024 - 13:30
month: 
October, 2024