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Myanmar to Start Joint Projects With Three Asian Countries
An artist’s rendering of housing and residential structures within the KMIC project. / KMIC
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By Nan Lwin 21 December 2020
YANGON Amid efforts to secure foreign investment to mitigate the impact of the COVID-19 pandemic on Myanmar’s economy, the government expects implementation of three major infrastructure projects planned for Yangon Region with the participation of South Korea, Singapore and Thailand to begin soon.
Speaking at the annual meeting of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) on Sunday, U Thaung Tun, who heads the Union Ministry of Investment and Foreign Economic Relations (MIFER), said that while the global economy has faced many challenges due to the COVID-19 pandemic, Myanmar’s agriculture, electricity and industrial sectors have potential to attract investment from both domestic and foreign investors.