Yangon Region Investment Commission Meeting 19/2019 Permitted Five Investments Projects

The Yangon Region Investment Commission's meeting 19/2019 was held at Yangon Region Investment Committee office in Yangon on 29th November 2019.

U Thaung Tun, Chairman of the MIC and (8) members attended the meeting. The meeting approved five projects in the Real estate sector, the Power sector, Livestock & fisheries sector.

The amount of investment is USD 503.940 million and Kyats 26,523 million worth projects which are expected to create 1,101 job opportunities for Myanmar citizens. At the end of October 2019, three leading countries who invested were Singapore, the People’s Republic of China, and Thailand.

Foreign enterprises in 12 sectors from 50 countries were permitted. Among them, The largest sector of investment has been the Oil & Gas sector.

It accounted for 27.29%, followed by the Power sector, which accounted for 25.77%. The third-largest sector was manufacturing, which accounted for 14.04% of the total permitted amount of foreign investment according to the Ministry Of Information ( MOI).

Zaw Paing Oo

Translated by Kyaw Hsu Wai

Credit: iMyanmarHouse.Com