DICA processes investment proposals

Writer: 
Nilar
Tourists visit Manlae in Indaw Township, Katha District, Sagaing Region. (Photo: Soe San)

The Directorate of Investment and Company Administration (DICA) says it has started processing investment proposals submitted for the establishment of industrial zones, housing and the construction sectors. 

On September 19officials from the DICA held discussions with three companies on hotel and tourism, transport and communication, the establishment of industrial zones, housing and construction sectors. 

An official of the DICA: “Until August of this fiscal year, eight foreign companies have invested nearly US$888 million in housing while five private housing investments reached US$116 millionSingapore tops the investor list, followed by China and the Netherlands.”

The Myanmar Investment Law was enacted in October last year.

 

Translated by Myo Than