Myanmar attracted US$1.39 billion worth of foreign investments within two months of this fiscal year, according to the Myanmar Investment Commission (MIC).

The MIC approved six new businesses worth US$857.29 million in the meeting held on November 29. They can create 3,018 job opportunities for locals. The six businesses are two in the electricity sector, one each in housing and transportation and communications sectors and two in industrial sector.

The MIC allowed 41 foreign owned businesses worth over US$1.353 billion from October 1 to November 29 in this fiscal year. The foreign investment in Thilawa SEZ is US$15.203 million in that period. The total investment is US$1.392 billion including additional investments.

Foreign investors invested mostly in oil and natural gas, energy, production, transportation and communications, real estate, hotel and tourism, mining, livestock and fishery, agriculture, industrial zone, construction and other services sectors.

Oil and natural gas sector topped the foreign investment list with over 27 per cent followed by energy, production and transportation and communications sectors.