Myanmar signs 30 investment proposals for Rakhine
Myanmar recently signed 30 proposals submitted by local and foreign investors for Rakhine state, Xinhua reported citing the Information Ministry of Myanmar. About US$ 5.249 billion worth of investment proposals were signed at the regional investment fair which was held in Rakhine state in February. The signed investments mainly cover various sectors including the Rakhine state's hotels and tourism sectors, agriculture, energy, livestock and fishery, production, construction, and human resource development. Myanmar government has been holding regional investment fairs to invite local and foreign investments to promote economic development in the country's regions and states. Yangon region attracts 60 percent of investments from both home and abroad, followed by Mandalay with 30 percent, reported Xinhua.