The Myanmar Investment Commission (MIC) meeting (18 / 2019) was convened at the meeting room of the MIC on 16th October, 2019 in Yangon. U Thaung Tun, Chairman of the MIC and (9) members attended the meeting.
The meeting approved eight projects in the manufacturing sector, real estate sector, other service sector and livestock and fishery sector. The amount of USD 165.853 million and Kyat 99,543.358 million have been approved for those projects which will create 1,739 job opportunities for Myanmar citizens.
By the end of October, the countries with the largest investment in Myanmar were Singapore, People's Republic of China and Thailand.
The top sector is Oil & Gas sector, accounted for 27.29%, followed by the Power sector, accounted for 25.77% and manufacturing sector, accounted for 14.04% of the total permitted amount of foreign investment.
