New projects could create 33,000 jobs

22 October 2019
New projects could create 33,000 jobs
A general view shows the newly built Time City Complex in Yangon, Myanmar. Photo: Nyein Chan Naing/EPA

The Myanmar Investment Commission (MIC) yesterday approved eight projects, worth US$279.88 million and over K156,930 million,  which are expected to create 33,279 job opportunities, state media reported.

The eight projects are in the real estate, education services, agriculture, and manufacturing sectors, according to a press release issued by the MIC.

Between 1988 and September-end, 2019, a total of 1,837 foreign enterprises from 50 countries have been permitted to invest in 12 sectors, with a total pledged amount of $81,874.265 million. Among them, Singapore, the People’s Republic of China, and Thailand are the leading investor countries.