MIC approves 20 new investment projects

THE Myanmar Investment Commission (MIC) held its first coordination meeting yes­terday, with the attendance of Union Minister U Mya Tun Oo, Chairman of the Commission.

MIC greenlit four new for­eign investments in industry and service sectors, including the capital expansion of cer­tain existing businesses, and 16 new Myanmar citizens’ in­vestments.

The overall investments amounted to US$62.911 million and K2,120,436.652 million, thus creating 3,382 job opportuni­ties.

The approved projects included the production and assembly of EVs, hotel and tourism, construction, oil and natural gas, livestock breeding, education, food production and garments.

Out of 53 countries that have invested in Myanmar un­til the end of December 2025, Singapore, China and Thailand are the most prominent inves­tors in the country.

Among the 12 business sectors, they invest in energy, with 28.29 per cent of total in­vestment, while 24.64 per cent is in oil and natural gas, and 14.65 per cent is in the indus­trial sector.

MIC reviews the invest­ment proposals of local and foreign investors to permit and offer services to the current in­vestors under the Myanmar In­vestment Law. — MNA/KTZH