Yangon Investment Committee approved sixteen foreign investments and one Myanmar Investment

Sixteen foreign investments and one Myanmar citizen were approved to invest in Yangon Region, according to Yangon Region Government.

Yagon Region Investment Committee’s meeting (3/2020) was held at the meeting hall of Yangon Region Investment Committee, Sein Lae May lane, Yankin township, Yangon Region and it was attended by the chairman of Yangon Region Investment Committee and Yangon Region Chief Minister U Phyo Min Thein, Minister of Planning and Finance U Myint Thaung, Minister of Agriculture, Livestock, Forest and Energy U Han Tun, Secretary for State and Regional Government U Myo Aung Htay and departmental officials, according to reports.

At the meeting, the Chairman of Yangon Region Investment Committee approved sixteen foreign investments and one Myanmar investment in Yangon Region in line with the Myanmar Investment law.The total capital of foreign direct investment is US $ 28.507 million and the total capital of Myanmar citizen investment is K 3003.98 million which will create job opportunities for 8920 local workers.

Written by iMyanmarHouse.com Team

Credit: iMyanmarHouse.com