Wednesday, September 5, 2012

Global investment forum to be held in Naypyitaw

Wednesday, 05 September 2012 15:23 Mizzima News

Euromoney, the world's leading organizer of conferences, will launch the Myanmar Global Investment forum at Myanmar International Convention Center (MICC) in Naypyitaw on Sept 12-13.

Co-hosted with the Myanmar Investment Commission and supported by the ministries of Industry, Energy and Commerce, the event will explore opportunities available for foreign capital.

Ministerial officials from the President's Office, energy sector and Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) official, US Ambassador Derek Mitchell, bankers, traders and investors will participate in the forum.

Panel discussions will center around investment opportunities in Burma's main industries, including oil and gas, agriculture, infrastructure, real estate, private equity and manufacturing.

Over 400 foreign investors are expected to attend the event, joined by Burma’s leading businesses and politicians.

According to statistics, Burma drew US$ 57 million foreign investment in July this year, hitting $41.086 billion dollars as of the end of the month since late 1988 when the country opened to such investment.

Over the past two months, businessmen from the United States and other western countries visited Burma to explore business opportunities and gather information on the government's economic programs.

Meanwhile, Burma’s new foreign investment law is under discussion in the ongoing Parliament session.

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