YANGON, June 4 (Xinhua) -- The Yangon Region Investment Committee granted endorsement to 12 investment projects from both home and abroad for the region, according to the Directorate of Investment and Company Administration (DICA) on Tuesday.
The committee endorsed nine foreign investment projects worth 15.811 million U.S. dollars and three Myanmar Citizen Investment projects worth 6.2 billion kyats (4.1 million dollars).
The endorsed investment projects cover manufacturing sector of the region and are expected to create 5,632 local employment opportunities.
According to the DICA's figures, Myanmar attracted over 2.41 billion U.S. dollars' foreign investments as of April 30, first seven months of present fiscal year 2018-2019.
Regionally, Yangon region attracts 60 percent of both local and foreign investments, followed by Mandalay with 30 percent and the rest flows into other regions and states.
