Myanmar Investment Commission (MIC) recently approved eight more local and foreign investment projects, said a release from the Directorate of Investment and Company Administration (DICA) on Sunday, reports Trend referring to Reuters.
The approved projects cover livestock and fisheries, manufacturing, hotel, real estate, oil and gas, transport and telecommunication sectors, creating 3,159 employment opportunities for local people.
According to the DICA figures, a total of 1,806 foreign enterprises were permitted with estimated investment capital of 81.6 billion U.S. dollars from FY 1988-1989 to Aug. 31 of present FY 2018-2019.
During the period, Singapore, China and Thailand were listed as the three leading investors and sectorally, Myanmar’s oil and gas sector attracted most foreign investments, followed by power and manufacturing sectors, respectively.
Regionally, Yangon region attracts 60 percent of both local and foreign investments, followed by Mandalay region with 30 percent and the rest flows into other regions and states.