YANGON, July 18 (Xinhua) -- The Myanmar Investment Commission (MIC) has approved 35 new investment projects, which are expected to create over 9,000 jobs, state-owned daily The Mirror reported on Friday.
The approvals were made during MIC's meeting held in Nay Pyi Taw, Myanmar on Thursday.
The projects include nine foreign investments in the industrial, oil and natural gas sectors, and 26 local investments in sectors such as hotels and tourism, services, electricity, agriculture, livestock, marine, construction and mining, the report said.
The total investment is worth 72.87 million U.S. dollars plus over 672.84 billion kyats (about 320.40 million U.S. dollars), it added.
As of the end of June 2025, a total of 53 countries have invested in Myanmar, with Singapore, China, and Thailand emerging as the leading foreign investors, it said.
The Myanmar Investment Commission oversees and approves investment project proposals from locals and overseas, as well as serving existing investors under the Myanmar Investment Law, the report said. ■
