MIC approves 17 projects, generating 2,400+ jobs

The Myanmar Investment Commission (MIC) held its second meeting 2/2026 yesterday, attended by Union Minister U Mya Tun Oo, Chairman of the Commission.

MIC approved two new foreign investments in industry, including capital expansion for certain existing businesses, and 15 new investments by Myanmar citizens in industry, services, construction for housing projects, transportation and communication, breeding, and fishing.

The total investments amounted to US$7.644 million and K557,907.069 million, creating 2,449 job opportunities.

 The approved projects included the production and assembly of electric vehicles (EVs), hotel and tourism development, construction, oil and natural gas, livestock breeding, manufacturing of agricultural imput goods, and the construction of housing and garment facilities.

Out of 53 countries that had invested in Myanmar by the end of January 2026, Singapore, China, and Thailand were the most prominent investors.

 Among the 12 business sectors, energy investment accounted for 28.27 per cent of the total, 24.62 per cent was in oil and natural gas, and 14.65 per cent was in the industrial sector.

 MIC reviews investment proposals from local and foreign investors to grant approvals and provide services to current investors under the Myanmar Investment Law.