Myanmar Investment Commission will prioritize investment activities in eight types of businesses.
Manufacturing of fertilizer, cement, iron and steel, value-added foodstuff, electric vehicle and pharmaceutical and medical supplies, agriculture and livestock farming and related industries and public transportation services will be prioritized for investment.
The commission welcomes both foreign direct investment and domestic investments made by Myanmar citizens in those sectors. MIC and the related ministries will also ensure investment facilitation. Between January and the second week of December 2022, Yangon Region attracted US$74 million from 53 projects, including 12 operated by Myanmar citizens and 41 wholly foreign-owned enterprises. – TWA/EMM