A total of 50 countries made investments worth over US$81 billion from 1988-89 FY to 2018-19 FY and most of the foreign investments are in oil and natural gas sector and electricity sector, according to Myanmar Investment Commission (MIC).

The foreign investments in sectors are as per following: US$22.420 billion in oil and natural gas sector (about 27.38 per cent), US$21.178 billion in electricity sector (about 25.87 per cent), US$11.528 billion in production sector (about 14.08 per cent), US$10.908 billion in transportation and communications sector (about 13.30 per cent), US$5.467 billion in real estate sector (about 6.68 per cent), US$3.118 billion in hotel and tourism sector (about 3.81 per cent), US$2.904 billion in mining sector (about 3.55 per cent), US$766.327 million in livestock and fisheries sector (about 0.94 per cent), US$414.12 million in farming sector (about 0.51 per cent), US$320 million in industrial estate sector (about 0.39 per cent), US$37.767 million in construction sector (about 0.05 per cent) and US$2.808 billion in other sector (about 3.43 per cent).

The MIC held 18/2019 meeting on November 16 and allowed eight new businesses in production, livestock and fisheries, other services and housing sectors.

The total investments of new businesses are about US$165.853 million and Ks99.543 billion and can create 1,739 job opportunities for locals.

The MIC will implement to have US$220 billion of foreign investment within 20-year time and to have investments which took responsibilities.

Myanmar will implement the investment promotion plan with a short term period from 2016-17 FY to 2020-21 FY, a middle term period from 2021-22 FY to 2025-26 FY and a long term period from 2026-27 FY to 2035-36 FY.

Myanmar is expecting to have about US$5.8 billion of foreign investment in 2019-20 FY.