Local investment has reached
over 3069 billion Kyat after the Myanmar Investment Commission gave
permits to another nine citizen-owned businesses, according officials.
Myanmar nationals have opened 11
enterprises in the country this year according to the report of the
Directorate of Investment and Companies Administration (DICA).
Businessmen from Yangon, Mandalay and
Magway Regions will be investing in various enterprises including a
50-MW natural gas-fired power plant, motorway tolls, garment
manufacturing, and the construction of hotels and shopping centres.
Shwetaung Company is planning to lease
the State’s Defence University under a build, operate and transfer
agreement for the construction of hotel, service apartment and shopping
complex.
Myanmar businessmen mostly invested in
the construction industry in the past, but now are moving into other
sectors such as foodstuff enterprises. The manufacturing sector stands
first in the chart of citizen investment with an investment volume of K
801 billion.
source: Eleven Myanmar
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