MIC okays six projects in real estate, livestock, farm sector

Chairman of the MIC Union Minister U Thaung Tun attends the Myanmar Investment Commission (MIC) meeting (14 / 2019) in Yangon on 30 August, 2019. Photo: MNA
Chairman of the MIC Union Minister U Thaung Tun attends the Myanmar Investment Commission (MIC) meeting (14 / 2019) in Yangon on 30 August, 2019. Photo: MNA

The Myanmar Investment Commission approved six projects yesterday in the real estate, livestock and fisheries, and agriculture sectors, with investments amounting to US$214.223 million and K25.733 billion.
The projects will create 374 jobs for Myanmar citizens.
The MIC granted its approval at a meeting (14/2019) held in Yangon. U Thaung Tun, the Chairman of the MIC, and 9 members attended the meeting.
Between 1988 and the end of July, 2019, the MIC has permitted a total of 1,779 foreign enterprises from 50 countries to invest in 12 sectors, with a total pledged amount of $81,249.193 million. Among them, Singapore, the People’s Republic of China, and Thailand have emerged as Myanmar’s leading investors.
The oil and gas sector has enjoyed the largest share of investment, accounting for 27.59 per cent of the total foreign fund inflows, followed by the power sector (26.07 per cent), and the manufacturing sector (13.94 per cent).—MNA

Share this post
Hot News
Hot News