In the four months of this fiscal year, more than 1,200 billion Kyats of citizen investment have been approved in the electricity sector

28 August 2024

In the four months of this fiscal year, Myanmar citizens have been allowed to invest more than 1,200 billion kyats, and they have allowed an increase of about 70 percent in the electricity sector, which is the main need for the country, according to the statistics released by the Directorate of Investments and Companies (DICA).

2024-2025 fiscal year from April to the end of July, manufacturing; real estate service hotel and travel construction In 7 business sectors such as electricity and mining, Myanmar people have been allowed to invest 1227.866 billion kyats. Among them, 3 projects worth 846.810 billion kyats were approved in the electricity sector, which was the maximum approved amount of about 70 percent of the amount approved during this period.

Allowing citizen investments in Myanmar, manufacturing, real estate service transportation and communication; hotel and travel construction electricity Industrial zone development, Livestock and Aquaculture; mining, 12 major business sectors such as agriculture and natural gas are being approved.

Until the end of July 2024, Myanmar has approved up to 2,048 businesses with a total investment of over 26,655 billion Kyats by Myanmar nationals. According to the list released by DICA, 1,653 businesses worth more than 24,397 billion kyats have already entered into business.

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