Myanmar global investment forum to be held in Nay Pyi Taw

Euromoney, world's leading organizer of conferences, will launch Myanmar Global Investment forum at Myanmar International Convention Center (MICC)in Nay Pyi Taw, the new capital of Myanmar, local media reported Monday.

Co-hosted with the Myanmar Investment Commission and supported by the Ministries of Industry, Energy and Commerce, the event will explore the opportunities available for foreign capital interested in taking part in one of the most exciting investment stories.

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 to be held from Sept. 12 to 13.

Panel discussions will center around investment opportunities in Myanmar'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 Myanmar leading businesses and politicians.

According to statistics, Myanmar drew 57 million US dollars' 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 Myanmar to explore business opportunities and gather information on the government's economic programs.

Meanwhile, Myanmar's new foreign investment law is under discussion in the ongoing parliament session in Nay Pyi Taw, involving the House's committee, commission, entrepreneurs and scholars.