WITH an aim toward increasing investment opportunities in Rakhine State and to connect local businesses with potential foreign investors, a Rakhine State Investment Fair will be held magnificently in Ngapali Beach, Thandwe, said Ko Nyana Soe, Senior Research Executive of Myanmar Survey Research (MSR) .
Ko Nyana Soe said, “Uniform development among all states and regions is one of the 12-point in the National Economic Policy established by the incumbent government. Foreign investment is an integral part that will equally and uniformly develop among all states and regions. At the time being FDIs (Foreign Direct Investments) are only flowing into Yangon and Mandalay, so we’re conducting investment fairs in other states and regions to better attract FDI.”
As part of this initiative, the Rakhine State Investment Fair will be held in Ngapali Beach, Thandwe Township, Rakhine State for three days from 21 to 23 February.
The investment fair will be led by the Rakhine State government with support from Japan International Cooperation Agency (JICA), Japan External Trade Organization (JETRO), Myanmar Survey Research Co., Ltd. (MSR) and other companies.
First day programmes include Rakhine traditional dances, entertainment programs and a get together banquet. On the second day, in addition to opening of sector wise exhibits, there will be investment discussions by business persons and officials, signing of memoranda of understanding (MoUs), and sector wise discussions between local and visiting business persons. On the third day, there will be visits to investment sites in Ngapali beach, cold storages, aquatic businesses and aquatic export production sites in Thandwe Town.
“The main thing is to show local and foreign investors the type of businesses conducted in the vicinity of Ngapali Beach in Rakhine. We want investments to come in. There are only a few foreign investments in states and regions so even if only one or two foreign investments comes in, it’ll create a lot of job opportunities. Then there’ll be development in the region and it’ll play a role for the country’s development,” said Ko Nyana Soe. MSR conducted surveys on investment in Rakhine State from November to December 2018 in order to hold this investment fair. The main survey was on business opportunities in Rakhine State and a report on the findings will be published at the investment fair.
By Zaw Gyi
(Translated by Zaw Min)
Ref: The Global New Light of Myanmar