THE Myanmar Investment Commission (MIC) approved 14 new investment projects that create over 3,300 jobs yesterday.
The meeting approved two new foreign investment projects from the capital increase of ongoing investments and six new local investment projects in the industry, two new local investment projects in the service, three new local investment projects in the electricity sector and one new local investment project in the housing sector. The investment amount of these businesses is US$140.474 million and K1,178,731.925 million, which can create 3,336 job opportunities.
The businesses included fuel retailing, development, construction, sale and rental of affordable housing, construction of solar power plants for electricity generation and sale, assembly, manufacturing and sale of cargo motor vehicles under the SKD system, assembly, manufacturing, distribution and sale of electric two- and three-wheel motorcycles under the SKD system, assembly, manufacturing, distribution and sale of various types of motor vehicles, assembly, manufacturing and sale of various types of tractors for agricultural use, healthcare services, manufacturing and sale of various consumer electrical appliances, manufacturing of various plastic sheets and plastic bottles under the CMP system, manufacturing of various types of footwear, and food production.
As of the end of July 2026, among the 48 foreign countries, Singapore, China, and Hong Kong SAR are taking a leading role with the largest foreign investments in the country. Of the 12 sectors, the electricity sector accounts for 28.06 per cent by drawing the most significant investments, followed by the oil and natural gas sector at 20.41 per cent and the industrial sector at 15.47 per cent.
The Myanmar Investment Commission approves investment project proposals from locals and overseas, and provides services to the existing investors under the Myanmar Investment Law.
MNA/KTZH
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