The Mandalay Region Investment Committee has welcomed almost US$4 billion in foreign direct investments since it was established in July 2018, according to the Directorate of Investment and Company Administration,

DICA Director-General U Thant Sin Lwin told state media the committee has endorsed 79 foreign projects from more than 16 countries to December, 2019, with the investments flowing predominently into manufacturing, power, and services sectors.

During the same period, a total of 179 domestic projects were endorsed, drawing some K5.3 trillion into infrastructure, manufacturing and services.

The creation of the Mandalay Region Investment Committee came after the Myanmar Investment Commission gave permission to region and state authorities to promote business and endorse investment projects valued below US$5 million under the 2017 Myanmar Investment Law.

DICA data has shown that Mandalay attracts about a third of all investments in Myanmar, while the Yangon Region absorbs 60 percent.

Click here for more information on DICA.

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