Chief Minister Nyi Pu has promised to approve investments to be made in Rakhine State after prompt scrutiny during the Rakhine State Investment Fair.

"For investment we will receive proposals. In this regard, we will also approve them as quickly as possible after quick scrutiny," said the state chief minister.

Particularly, Singapore, Korea, China and India are eyeing Rakhine State for investments. Among them, Singapore has made the largest investment there.

"Of those countries which have so far invested in our state, Singapore is the largest investor," said Nyi Pu.

Most investments are in energy sector while Myanmar citizens make their investments in the hotel and tourism industry.

Rakhine State approved Myanmar citizens five rounds of investment worth over K14.223 billion this month alone, creating around 590 local jobs.