Myanmar Investment Commission (MIC) approved eight projects in the livestock & fisheries, manufacturing, hotel, real estate, oil and gas and transport & telecommunication sectors which will create over 3,100 job opportunities

The Myanmar Investment Commission (MIC) meeting (15 / 2019) was convened at the meeting room of the MIC on the morning of14thSeptember, 2019 in Yangon. U ThaungTun, Chairman of the MIC, Dr. Than Myint, Vice Chairman and (10) members attended the meeting. The meeting approved eight projects in the Livestock & fisheries, manufacturing, hotel, real estate, oil and gas and transport & telecommunication sector.

The amount of USD 36.745million and Kyat 163302.753 million have been approved for those projects which will create3159 job opportunities for Myanmar citizens. A total of 1806 foreign enterprises in 12 sectors from 50 countries were permitted, with the total pledge amount of US$ 81597.743 million from 1988 to the end of August2019. Among them, Singapore, People’s Republic of China and Thailand are the leading countries.

The top sector is Oil & Gas sector, accounted for 27.48%, followed by the Power sector, accounted for 25.95% and manufacturing sector, accounted for 14.01% of the total permitted amount of foreign investment.

(Myanmar International TV Channel: https://www.myanmaritv.com/news/mic-meeting-investment-proposals-create-over-3100-jobs-approved )

​