Nay Pyi Taw, April 28

Myanmar Investment Commission (MIC) held its regular meeting via Video Conferencing system, this morning. Chairman of the MIC, Union Minister U Thaung Tun, Vice-Chairman Union Minister Dr. Than Myint and members of the Commission participated in the meeting from their respective offices in Nay Pyi Taw and Yangon.

The meeting approved (5) new projects in the other services sector, oil and gas sector and real estate sector as well as additional investments in (3) existing projects. The approved projects amounted to USD (64.594) million, Kyat (10,840.134) million and (344) job opportunities are expected to be created.

By the end of March 2020, the countries with the largest investments in Myanmar are Singapore, the People’s Republic of China and Thailand. The oil & gas sector accounted for 26.94%. This was followed by the power sector, accounting for 26.26% and the manufacturing sector, accounting for 14.18% of the total permitted amount of foreign investment.