The foreign investment volume is reached US$1.148 billion including the investment amount of over US$15 million in Thilawa SEZ within two and a half months in this fiscal year, according to Myanmar Investment Commission (MIC).

The MIC allowed two proposed foreign investments. Yangon Region investment committee allowed 11 confirmed foreign investments and the Bago Region investment committee allowed 4 confirmed foreign investments this week. There is one investment each in electricity and housing development sectors and 15 investments in the industrial sector. 

Total foreign investment from those 14 businesses is US$84.171 million and can create 8,538 job opportunities for locals.

More than US$1.087 billion worth of 57 foreign investments are allowed from October 1 to December 14 in this fiscal year and total foreign investment is about US$1,133 million including additional investment.

According to special economic zone law, the total foreign investments in Thilawa SEZ are US$15.203 million from October 1 to December 14 in this fiscal year.

Major foreign investments are made in oil and natural gas, energy, production, transportation and communications, housing, hotel and tourism, mining, livestock and fishery, agriculture, industrial zone, construction, and other services sectors within 31 years’ time.