The Myanmar Investment Commission, at a recent meeting, has approved investments of US$105 million from 10 foreign enterprises and endorsed two domestic investment projects with estimated capitals of K7.8 billion and $2.65 million.
Three businesses have been approved by the MIC and the proposals of seven enterprises were endorsed by the Yangon, Bago, and Ayeyarwady investment committees. The investments will primarily flow into the manufacturing sector, followed by real estate and other services sectors.
The projects are expected to create more than 3,150 jobs for local residents. The manufacturing sector attracts the largest share of foreign investments in Yangon Region.