MIC Meeting (1/2024): Four new investments and increment of capital approved

Myanmar Investment Commission meeting (1/2024) was held at the Office of Union Government in Nay Pyi Taw in the afternoon on 5th January with the attendance of the member of the State Administration Council Deputy Prime Minister Commission Chairman General Mya Tun Oo and commission members.

At the meeting, four new investments in Industrial, Real Estate development and Service sectors including capital increment in the ongoing investment were approved. The value of those investments are over 48.864 billion Kyats and those will create 392 domestic job opportunities.

Up to the end of November, 2023, the largest investment countries/Regions are Singapore, China and Thailand among 52 countries/regions which have invested in Myanmar. Out of 12 economic sectors, the largest investment sector is the Energy sector at 28.50% followed petroleum and natural gas sector at 24.45% and Industrial sector at 14.41%.

The MIC is carrying out scrutinizing and giving permission of investment proposals submitted and providing assistance with the investment service for the ongoing investors in line with the Myanmar Investment Law.