During its meeting (No.17/2019), Myanmar Investment Commission approved eight local and foreign investments worth US$279.88 million and over K156 billion creating 33,279 local jobs. 

Those investments will be made in housing, education service, industry and agriculture. 

Aung Naing Oo, Permanent Secretary of the Ministry of Investment and Foreign Economic Relations, said investment target for 2019-2020 fiscal year could be met thanks to infrastructure projects although Myanmar has general election next year. 

"As our election is next year, the international community will wait and see. After the election and new government's situation, they usually come. This is the nature of multinational companies. They might have been watching the situation," he said. 

He, however, pointed out the existence of Project Bank established by the incumbent government. That includes national projects and ministerial projects. 

 "For infrastructure projects, we will invite investors next year. Those projects require large investment. I think those projects will yield benefits despite election," said Aung Naing Oo. 

He commented the investment target could be met if infrastructure, oil and gas and communications are considered.