Kayah State Investment Committee approved 11 investment proposals which is worth USD $ 3 million and K 12 billion creating 440 jobs for local people

Kayah State Investment Committee has approved 11 investment proposals in total in its meeting held in late December.

Since the formation of the committee, Kayah State has received 11 investments with the total investment amount of $3 million and K12 billion creating 440 jobs for local people.

These investments include a cinema project, a resort project, an agricultural project, a hotel project, and a mining project.

Kayah Investment committee was formed in May 2017 and the investment forum was officially held on May 26th, 2018. The investment forum received 10 initial investment proposals during the first half of the transitional fiscal year, and 1 additional investment in the second half of the transitional fiscal year.

“Kayah State received zero proposals in 2017. But by the end of 2018, the State received 1 addition investment proposal rising the total number to 11 investments. Therefore, this is a positive sign for Kayah State,’’ said U Aung Naing Oo, General Director of Directorate of Investment and Company Administration.

Investors are mostly interested in agriculture, hotel and tourism, and mining in Kayah State. Among the sectors with strongest potential, the investment report said that the hotel and tourism sector has the largest potential for future investments.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/kayah-state-receives-11-investments )

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