The Myanmar Investment Commission (MIC) meeting (15 / 2019) was convened at the meeting room of the MIC on the morning of 14th September, 2019 in Yangon. U Thaung Tun, Chairman of the MIC, Dr. Than Myint, Vice Chairman and (10) members attended the meeting.
The meeting approved eight projects in the Livestock & fisheries, manufacturing, hotel, real estate, oil and gas and transport & telecommunication sector. The amount of USD 36.745 million and Kyat 163302.753 million have been approved for those projects which will create 3159 job opportunities for Myanmar citizens.
A total of 1806 foreign enterprises in 12 sectors from 50 countries were permitted, with the total pledge amount of US$ 81597.743 million from 1988 to the end of August 2019. Among them, Singapore, People’s Republic of China and Thailand are the leading countries.
The top sector is Oil & Gas sector, accounted for 27.48%, followed by the Power sector, accounted for 25.95% and manufacturing sector, accounted for 14.01% of the total permitted amount of foreign investment.
