MIC approves 14 new investment projects

The sixth meeting of the Myanmar Investment Commission (MIC) was held yesterday after noon in Nay Pyi Taw. Union Minister U Mya Tun Oo, who is also Chairman of the commission, and members of the commission attended the meeting.

The meeting approved five new foreign investments from the capital increase of six on going investments and nine new local investment projects in the Industry, hotel, tourism and service sectors. The investment amount of these businesses in US$ 57.295 million and K 45502.978 million, which can create, 4119 jog opportunities.

These businesses included the EV motorcycle and automobile assembly industry, education services, food processing and the garment industry.

As of the end of November 2025, among the 53 foreign countries, Singapore, China, and Thailand are the leading countries with the largest foreign investments in the country. Of 12 sectors, the electricity sector accounts for 28.28 per cent by drawing the most significant investments followed by the oil and natural gas sector at 24.65 per cent and the manufacturing sector at 14.6 per cent.

The Myanmar Investment Commission oversees and approves investment project proposals from locals and overseas, and provides services to the existing investors under the Myanmar Investment Law.