According to U Nyi Nyi Min, Secretary of the Yangon Region Government, the region has approved three new foreign investments and one Myanmar citizen investment in July 2024, resulting in the creation of 1,491 new jobs.
“At the Yangon Region Investment Committee meeting 7/2024 held on 25 July, one investment by a Myanmar citizen in the hotel service sector and three foreign investments in industrial production sectors were approved. These four new investments totalled K1,210 million and $2.704 million. They will generate 1,491 job opportunities,” said U Nyi Nyi Min.
The report highlights an increase in both existing and new investment amounts, as well as a rise in the workforce during this period. The Yangon Region Investment Committee reviews and approves new Myanmar and foreign investments monthly, in line with laws, rules, and regulations, to foster job creation within the region. — ASH/ TMT
