To promote investment in Kayah State, the Kayah State Investment Forum was held yesterday at State Hall in Loikaw, Kayah State
It was jointly organised by the Kayah State government and the Kayah State Investment Committee, supported by the Myanmar Investment Commission (MIC).
In his opening address at the forum, Chief Minister of Kayah State U L Phaung Sho briefed investment opportunities in Kayah State, pledging to provide the investors with good transportation and sufficient power supply and water supply.
“We want a win-win situation in the investment sector in the state,” said Chief Minister U L Phaung Sho, highlighting opportunities for investment in the hotel and tourism sector, agriculture and livestock breeding sector and mining sector.
The Kayah State Government is working to establish an International Trade Centre and is planning to disclose the project step by step.
The Chief Minister also highlighted the importance of peace in the state to bring about the development.
The main objectives of the forum are to promote investment in Kayah State effectively and develop a linkage between local businesses, and potential local and foreign investors.
U Aung Naing Oo, Secretary of the MIC, gave a presentation on “The Kayah: A state to grow,” while representatives from the relevant ministries presented investment opportunities in Kayah State relating to the manufacturing, agriculture, mining, hotel and tourism and industry sectors.
In the afternoon, a business matching session was held at the same venue by bringing together local and potential investors interested in investing in Kayah State.
The participants in the forum will conduct a site visit tour to the Loikaw industrial zone, a hydro power plant (Law Pi Ta), Ngwe Taung Dam and other places with investment potential on 27 May, as well as a sightseeing tour to Loikaw area on 28 May.
The opening ceremony of the Kayah State Investment Forum was attended by more than 500 participants, including Chief Minister of Kayah State U L Phaung Sho, Speaker of Kayah State Hluttaw U Hla Htwe, Deputy Minister for Planning and Finance U Maung Maung Win, ministers of Kayah State government, Ambassadors, senior officials from relevant ministries, representatives from the Union of Myanmar Federation of Chambers of Commerce and Industry, and states and regions Chamber of Commerce and Industry, international organisations, foreign and local investors, business organisations, and media representatives.
The MIC holds yearly
investment fairs on a rotational basis in the regions and states across the country to invite investments and ensure balanced economic development in the country. The fair aims to promote investments in remote areas —GNLM