MIC Meeting: 16 new investments approved, creating over 2,100 jobs

Myanmar Investment Commission (MIC)  held its meeting on Wednesday in Nay Pyi Taw. Union Minister U Mya Tun Oo attended the meeting in his capacity as Chairman of the Commission.

The meeting approved 2 new foreign investment projects and 8 new Myanmar citizen investment projects in industrial sector including an increase in the capital of existing investment projects. In addition, 6 new Myanmar citizen investment projects were approved in electricity, agriculture, housing and construction development, livestock and fisheries, and mining sectors.

The total investment value of these projects is 20.829 million US dollar and over 564 billion kyat and it’s expected to create a total of 2,130 employment opportunities through these projects. The projects cover a diverse range of sectors, including electric vehicle and automotive assembly using SKD system, construction materials, gold mining, livestock and dairy production, greenhouse farming, solar power generation, seed production and research, soy milk production, and battery recycling.

By the end of September 2026, the electricity sector accounted for the largest share of total investment in Myanmar, at 28.05%, followed by the oil and natural gas at 20.40% and the transport and communications at 15.38%. The Myanmar Investment Commission continues to facilitate investment in accordance with the Myanmar Investment Law by scrutinizing and approving investment proposals submitted by domestic and foreign investors, providing investment-related services to investors.