The Myanmar Investment Commission (MIC) approved new seven investment enterprises which worth US 347.85 million and K23.4 billion (US 17.89 million) and it can create 4,915 job opportunities for locals, according to the Directorate of Investment and Company Administration (DICA).
The investments flow into manufacturing, real estate, hotel and tourism, and service sectors.
Myanmar has attracted over US 5 billion in investments from 228 permitted foreign enterprises as of Aug 31 in 2019-20 Fiscal Year. Power sector, oil and gas sector, and manufacturing sector attracted the most foreign investment. Singapore, China and Thailand are the largest investors in Myanmar.
Yangon region attracts 60% of the country's investment from both foreign and local, followed by Mandalay region with 30% and the rest flows into other regions and states.