State Administration Council Member Deputy Prime Minister General Mya Tun Oo, who is Chairman of the Myanmar Investment Commission, attended the 8/2024 commission meeting in Nay Pyi Taw yesterday.
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. The investment amount of these businesses reached US$ 9.255 million and over K 46 billion, creating 1,972 job opportunities. Electric vehicle assembling projects were included among the permitted businesses.
Among 53 countries and territories that have invested in Myanmar until the end of August 2024, Singapore, China and Thailand are the leading investors in 12 economic sectors, with 28.43 per cent of the total investment in the energy sector, with 24.39 per cent in the oil and natural gas sector and 14.46 per cent in the manufacturing sector.
The Myanmar Investment Commission verifies and approves the investment proposals submitted by domestic and foreign investors. Investment services for current investors are being provided under the Myanmar Investment Law.
