Myanmar Investment Commission Signals Green Light to Four New Investment Projects

The meeting 1/2024 of the Myanmar Investment Commission (MIC) was held on 5 January at the Un­ion Government Office in Nay Pyi Taw. State Administration Council Member, Deputy Prime Minister, and Myanmar Invest­ment Commission Chairman General Mya Tun Oo, and mem­bers of the commission attended the meeting.

During the meeting, the capital increase of the ongoing invest­ment, including the industrial sector, the housing construc­tion development sector, and the service sector of four new investment projects were approved. The investment amount of these enterprises is MMK48,864.955 million (approximately USD 23.269026 million), which will create 392 local employment opportunities.

Until the end of November 2023, Singapore, China, and Thailand are the largest investors among the 52 countries/re­gions that invested in Myanmar. Among the 12 economic sec­tors, the most invested sectors are the energy sector with 28.50 per cent of the total investment, 24.45 per cent of the total in­vestment in the oil and natural gas sector, and 14.41 per cent of the total investment in the industrial sector, it is reported.

Source: The Global New Light of Myanmar (6-1-2024)

 

  • During 1/2024 meeting of MIC, the capital increase of the ongoing invest­ment, including the industrial sector, the housing construc­tion development sector, and the service sector of four new investment projects were approved.

 

engdate: 
Monday, January 8, 2024 - 09:15
month: 
January, 2024