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MIC invites EoI for eight investment sectors

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Myanmar Investment Commission (MIC) called for EoI (Expression of Interest) submissions for eight sectors to fulfil the needs for the development of the country and nation-building.
The priority sectors are (a) fertilizer production, (b) cement production (c) steel production, (d) agriculture and livestock breeding, (e) value-added foodstuffs production (f) electronic vehicles production, (g) medicine and health related material production and (h) public transportation.
If interested Myanmar and foreign investors submit proposals for the investment, the MIC, ministries concerned and region/state governments will provide the necessary things.
The country approved 48 investments amounting to $684.686 million in foreign investments and 38 Myanmar citizens’ investments totalling K468393.528 million between October 2021 and March 2022, and it created 42,880 job opportunities.
The MIC permitted $684million and K468 billion worth of local and foreign investments during the first six months of 2021-2022. —TWA/GNLM

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