Sagaing Regional govt. attracts foreign investments worth US$ 0.3m in 2017-2018 FY

Sagaing, 7 January

There are four foreigner-invested projects in Sagaing Region in the fiscal year 2017-2018, according to the Regional Minister for Planning and Finance U Soe Oo.

Four foreigner-invested projects and three Myanmar citizen-invested projects were approved by the Sagaing Regional Investment Committee with the permission of the Myanmar Investment Commission. “The financiers invested in manufacturing and services sectors,” the regional minister added. The foreign investment in Sagaing Region in the financial year 2017-2018 amounted to US$ 300,000 while Myanmar citizen’s investment saw Ks. 24.6 billion.

A total of 94 companies were allowed to operate construction, trade, financial and services sectors in Sagaing Region in that period.—Ei Moh Moh Khaing

Translated by Kyaw Htike Soe