March 16, 2017
The real estate
development sector ranked first receiving the most investments of Myanmar
Citizens with over Ks 2.76 trillion in 61 projects, according to the source of
the Directorate of Investment and Company Administration (DICA).
The total amount
of citizen investment permitted in the country was over Ks 13.11 trillion as of
the end of February.
After the real
estate sector, the manufacturing sector was in second place with investments of
over Ks 2.43 trillion in 744 projects, while the transport sector received
investments of over Ks 2.23 trillion. The hotel and tourism sector had over Ks
1.40 trillion, construction over Ks 942 billion, industrial estate over Ks 575
billion, power over Ks 456 billion, mining over Ks 138 billion, livestock and
fisheries over Ks 69 billion, agriculture over Ks 50 billion and others sectors
had Ks 2.03 trillion, according to official figures of DICA.
MIC permits the
project proposals only after verifying the sector-specific development, job
opportunity, innovation, technical sharing, getting country’s revenue, domestic
and foreign market conditions, local requirements, environmental impact
assessment EIA and social impact assessment SIA, it is learnt.
Ref; The Global
New Light of Myanmar
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