Investment Meeting: Commission Approves Seven New Projects

Myanmar Investment Commission held the meeting (2/2022) on Wednesday afternoon in Nay Pyi Taw.

The meeting was attended by State Administration Council Member Myanmar Investment Commission Chairman Lt-Gen Moe Myint Tun and the commission members.

The meeting approved seven new projects from the hotels and tourism sector, industry and services sectors and electricity and energy sector, including a capital increase of 12 ongoing investment projects. These projects are worth 85.759 million USD and over 43 billion Kyats and will create job opportunities for local workers.

The approved projects included construction of a 20-megawatt solar power plant during the six-month construction period. Till March 2022 from October 2021, 48 foreign-invested companies were approved with 684.686 million USD investment in Myanmar. As for Myanmar citizen investment, 38 businesses were approved with over 468 billion Kyats and 42,880 jobs were created.